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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 $480,500 $426,650 276,700 250,520 10,100 11, 100 67,650 53,080 46,450 40,300 317,900 290,400 179,400 167,700 138,500 122,700 Multiple Choice 16.8% 0 14.1%. 9.7%. 0 11.8% 33.5%

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