Excerpts from Hulkster Company's December 31, 2018 and 2017, financial statements are presented below:

	2018				2017
Accounts receivable	$	60,000			$	46,000
Merchandise inventory		38,000				55,000
Net sales		212,000				200,000
Cost of goods sold		134,000				118,000
Total assets		445,000				415,000
Total shareholders' equity		260,000				235,000
Net income		47,500				38,000

Hulkster's 2018 profit margin is (rounded): (Round your answer to 1 decimal places.)