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Refer to the following selected financial information from Gomez Electronics Compute the company's profit margin for Year 2 Net sales Cost of goods sold Interest

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Refer to the following selected financial information from Gomez Electronics Compute the company's profit margin for Year 2 Net sales Cost of goods sold Interest expense Net income before tax Net income after tax Total assets Total liabilities Total equity Year 2 $ 480,000 276,600 10,000 67,550 46,350 317,700 179,900 137,800 Year 1 $426,550 250, 420 11,000 52,980 40,200 289,800 167,600 122,200

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