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Refer to the following selected financial information from Hansen's, LLC. Compute the company's profit margin for Year 2. Year 2Year 1 Net sales$ 488,500 $

Refer to the following selected financial information from Hansen's, LLC. Compute the company's profit margin for Year 2.

Year 2Year 1 Net sales$ 488,500 $ 428,250 Cost of goods sold278,300 252,120 Interest expense11,700 12,700 Net income before tax69,250 54,680 Net income after tax48,050 41,900 Total assets321,100 300,000 Total liabilities171,400 169,300 Total equity149,700 130,700

Anserws: 12.2%, 9.8%, 32.1%, 14.2%, 17.3%

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