es) Question 22 of 70 The following amounts were taken from the financial statements of Concord Corporation: 2022 2021 Total assets $ $ 810000 1012000 Net sales 762500 653000 Gross profit 360000 326000 Net income 122000 120000 93500 93500 Weighted average number of common shares outstanding Market price of common stock $45 $ 42 The profit margin ratio for 2022 is 17% 19% 15% 16% . 18 tv S