Consider a firm with the following annual financial results: Income Statement Units sold 10,000 Sales Revenue $10,000,000 Cost of Goods Sold (COGS) $5,000,000 All other costs $3,000,000 Net Income $2,000,000 Balance Sheet: Cash and Accounts Receivable $1,000,000 Inventory $ 500,000 Fixed Assets $8,000,000 Question: What is the percent profit margin?

Consider a firm with the following annual financial results: Income Statement Units sold 10,000 Sales Revenue $10,000,000 Cost of Goods Sold (COGS) \$5,000,000 All other costs $3,000,000 Net Income $2,000,000 Balance Sheet: Cash and Accounts Receivable $1,000,000 Inventory $500,000 Fixed Assets $8,000,000 Question: What is the percent profit margin