Financial statement information follows as of the end of each year.

	2021	2020
Inventory	$ 54,000	$ 48,000
Net sales	784,000	697,000
Cost of goods sold	306,000	277,000
Net income	134,000	90,000

Compute the profit margin ratio for 2021.

17.1%.

5.9%.

37.9%.

18.1%.