Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below:

	2021				2020
Accounts receivable	$	58,000			$	45,000
Merchandise inventory		37,000				53,000
Net sales		236,900				231,000
Cost of goods sold		132,000				117,000
Total assets		443,000				414,000
Total shareholders' equity		258,000				234,000
Net income		46,000				37,000

Hulkster's 2021 profit margin is (rounded): (Round your answer to 1 decimal places.)