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Clover Inc had average total assets in 2025 of $6339000. It reported sales of $8220000 that year. Average liabilities for the year were $5188000. Net

Clover Inc had average total assets in 2025 of $6339000. It reported sales of $8220000 that year. Average liabilities for the year were $5188000. Net income for the year was $961740. What is Clovers profit margin on sales for 2025?

a. 6.59%

b. 11.70%

c. 8.08%

d. 18.54%

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