Beach Wear had Total Sales last year of $360,388, and ended the year with $225,223 in Total Assets. The Income Statement shows that Net Income was $22,027 for the year, and that the firm paid out 50% of that as Dividends.

As a percentage, what was the firms profit margin?

(round answer to whole number with two decimal points: i.e., use 1.23 percent instead of 0.0123)