The following accounting information is extracted from Statement of Income of ABC Inc for the year 2021 ( Figures in $ Million):
Sales 1000 , Cost of Sales 500 , R&D Expense 60 , Selling & Distribution and General Admn Expenses 80 , Finance costs 60 , Tax 80. What is operating profit ratio of the company ?
a. 36%
b. 30%
c. 22%
d. None of the above