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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 $481,000 276,800 10,200 67,750 46,550 318,100 178,900 139,200 Year 1 $426,750 250,620 11,200 53,180 40,400 291,000 167,800 123,200 Multiple Choice / / 9.7%. 14 1%. 33.4%. 16.8%. 11.8%

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