Refer to the following selected financial information from Gomez Electronics. Compute the companys profit margin for Year 2.

	Year 2			Year 1
Net sales	$	482,000		$	426,950
Cost of goods sold		277,000			250,820
Interest expense		10,400			11,400
Net income before tax		67,950			53,380
Net income after tax		46,750			40,600
Total assets		318,500			292,200
Total liabilities		177,900			168,000
Total equity		140,600			124,200

Multiple Choice

• 33.2%.

• 11.9%.

• 9.7%.

• 16.9%.

• 14.1%.