Refer to the following selected financial information from Gomez Electronics. Compute the companys profit margin for Year 2. Year 2 Year 1 Net sales $ 487,000 $ 427,950 Cost of goods sold 278,000 251,820 Interest expense 11,400 12,400 Net income before tax 68,950 54,380 Net income after tax 47,750 41,600 Total assets 320,500 298,200 Total liabilities 172,900 169,000 Total equity 147,600 129,200