Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets 2024 $86,000 $83,000 2023 89,000 78,000 420,000 373,000 257,000 224,000 815,000 785,000 515,000 460,000 Total stockholders' equity Net income 72,000 52,000 What is the profit margin for 2024? (Round your answer to one decimal place.) What is the profit margin for 2024? (Round your answer to one decimal place.) Multiple Choice O O 9.0% 17.1% 31% 1.5%