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 Total stockholders' equity Net income 2024 2023 $87,000 $78,000 88,000 75,000 450,000 381,000 257,000 226,000 830,000 750,000 495,000 420,000 72,000 53,000 What is the profit margin for 2024? (Round your answer to one decimal place.)

Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: That 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 1.5% 16.0% 9.1% 3.2%