Compute the profit margin ratio for 2014. (a) 17.1%. (b) 18.1%. (c) 37.9%. (d) 5.9%. Inventory Current

Compute the profit margin ratio for 2014.

(a) 17.1%.

(b) 18.1%.

(c) 37.9%.

(d) 5.9%.

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Inventory Current assets Total assets. Current liabilities Total liabilities Preferred stock 40,000 Common stockholders' equity 240,000 Net sales. Cost of goods sold Net income Tax expense 2014 $ 54,000 81,000 382,000 27,000 102,000 Interest expense Dividends paid to preferred stockholders Dividends paid to common stockholders 2013 $ 48,000 106,000 326,000 36,000 88,000 40,000 198,000 784,000 697,000 306,000 277,000 134,000 90,000 18,000 12,000 22,000 12,000 4,000 4,000 15,000 10,000