Accounts receivable $88,000 $81,000 Inventory 95,000 74,000 Net sales 480,000 377,000 Cost of goods sold 262,000 223,000 Total assets 835,000 775,000 Total stockholders' equity 485,000 455,000 Net income 74,000 55,000 What is the profit margin for 2024? (Round your answer to one decimal place.)