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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 Year 1 $483,500 $427,250 277,300 251,120 10,700 11,700 68,250 53,680 47,050 40,900 319,100 294,000 176,400 168,300 142,700 125,700 0 17.0%. 0 0 9.7% 0 11.9% 0 14.1%

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