Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income 2021 $ 48,000 32,000 237,600 122,000 433,000 248,000 38,500 2020 $ 40,000 43,000 207,000 112,000 409,000 229,000 32,000 Hulkster's 2021 profit margin is (rounded): (Round your answer to 1 decimal places.) Multiple Choice 16.2% 15.5% 8.9% 5.2%