Consider the following income statement data for Ivanhoe Inc.: What was the 2024 profit margin closest to? 29.9% 52.8%

Question 7 of 10 Consider the following income statement data for Ivanhoe Inc.: Sales revenue Less: Cost of goods sold Gross profit Less: Selling and administration costs Net Income 2024 $98700 - 52100 22600 $29500 - 2023 $90000 56700 33300 18900 -$14400 What was the 2024 profit margin closeSt to? 0 29.9% 0 52.8%