16. Refer to the following selected financial information from Shakley's Incorporated. Compute the company's profit margin for Year 2 Net sales Cost of goods sold Interest expense Net Income before tax Net income after tax Total assets Total liabilities Total equity Year 2 $ 482,000 277,000 10,400 67,950 46,750 318,500 177,900 140,600 Year 1 $ 426,950 250,820 11,400 53,380 40,600 292,200 168,000 124,200 9.7% 11.9% 33.2% 16.9% 14.1%