Use the following information to answer the questions: Assets Liabilities and Equity Cash 12,000 Accounts payable 19,000 Marketable securities 4,000 Notes payable 8,000 Accounts receivable 8,000 Current liabilities 27,000 Inventory 33,000 Long-term debt 80,000 Current assets 57,000 Total liabilities 107,000 Machines 30,000 22,000 52,000 42,000 Paid-in capital Real estate 60,000 Retained earnings Net fixed assets 102,000 Equity Total assets 159,000 Total liab. & equity 159,000 Line item Value Sales 400,000 Operating expenses 320,000 Depreciation 25,000 EBIT 55,000 Interest 8,000 Taxable income 47,000 es 15,510 Net income 31,490 Part 1 IB - Attempt 1/10 for 10 pts. What is the profit margin? 3+ decimals Submit