Calcuate the profit margin.

DNC Corp. - Balance Sheets \begin{tabular}{|l|r|r|} \hline ASSETS & December 31, 2022 December 31,2021 \\ \hline Cash and marketable securities & 12,708.00 & 7,500.00 \\ \hline Accounts rec. & 44,907.00 & 40,684.50 \\ \hline Product inventory & 53,785.50 & 48,285.00 \\ \hline Prepaid expenses and other current assets & 6,082.50 & 3,534.00 \\ \hline Total current assets & 117,483.00 & 100,003.50 \\ \hline Property and buildings & 30,675.00 & 22,116.00 \\ \hline Equipment & 25,294.50 & 20,827.50 \\ \hline Less-accumulated depreciation & (13,917.00) & (10,561.50) \\ \hline Property, buildings, and equipment, net & 42,052.50 & 32,382.00 \\ \hline Other long term assets & 11,257.50 & 12,726.00 \\ \hline Total assets & 170,793.00 & 145,111.50 \\ \hline \end{tabular} LIABILITIES AND SHAREHOLDERS' EQUITY \begin{tabular}{l|r|r|} \hline Trade accounts payable & 46,723.50 & 30,700.50 \\ \hline Accrued expenses and other liabilities & 6,738.00 & 7,743.00 \\ \hline Current portion of long-term debt & 837.00 & 1,188.00 \\ \hline Tolal current liabilities & 54,298.50 & 39,631.50 \\ \hline Long-term debt, net of current portion & 21,327.00 & 21,768.00 \\ \hline Total liabilities & 75,625.50 & 61,399.50 \\ \hline \end{tabular} SHAREHOLDERS' EQUITY: \begin{tabular}{|l|r|r|} \hline Common stock & 133.50 & 130.50 \\ \hline Additional paid-in capital & 57,690.00 & 55,135.50 \\ \hline Retained earnings & 37,344.00 & 28,446.00 \\ \hline Total shareholders' equity & 95,167.50 & 83,712.00 \\ \hline Total liabilities and shareholders' equity & 170,793.00 & 145,111.50 \\ \hline \end{tabular} DNC Corp. - Income Statement \begin{tabular}{|l|c|} \hline Revenues & 375,225.00 \\ \hline Cost of goods sold & (273,198.00) \\ \hline Gross profit & 102,027.00 \\ \hline Selling, gen \& admin exp & (84,537.00) \\ \hline Income from operations & 17,490.00 \\ \hline Interest inc (exp), net & (2,032.50) \\ \hline Income before tax exp & 15,457.50 \\ \hline Income tax expense & (5,836.50) \\ \hline Net income & 9,621.00 \\ \hline \end{tabular}