Additional Problem 5-9 (Part Level Submission) Arlington Merchants reported the following on its income statement for the fiscal years ending December 31, 2013 and 2012. Sales Cost of goods sold Gross Profit Operating expenses Profit 2013 $4,853,500 3,258,950 1,594,550 875,880 $718,670 2012 $4,755,900 3,200,300 1,555,600 896,280 $659,320 (a) (b) Calculate the profit margin for Arlington for 2012 and 2013. (Round answers to 1 decimal place, e.g. 52.7%.) Profit margin 2013 2012