Refer to the following selected financial information from Shakley's Incorporated. Compute the company's profit margin for Year 2.

	Year 2		Year 1
Net sales		$ 487,500		$ 428,050
Cost of goods sold		278,100		251,920
Interest expense		11,500		12,500
Net income before tax		69,050		54,480
Net income after tax		47,850		41,700
Total assets		320,700		298,800
Total liabilities		172,400		169,100
Total equity		148,300		129,700

• 12.2%.

• 17.2%.

• 14.2%.

• 9.8%.

• 32.3%.