Rohlen Company reported the following balance sheet and income statement information:

Total assets, Dec. 31, 2022.............. $97,000 Total assets, Dec. 31, 2021.............. $85,000 Total liabilities, Dec. 31, 2022........... $13,000 Total liabilities, Dec. 31, 2021........... $10,000 Sales revenue, Dec. 31, 2022........... $56,000 Sales revenue, Dec. 31, 2021........... $51,000 Net income, Dec. 31, 2022............... $22,000 Net Income, Dec. 31, 2021............... $18,000

Return on Assets (ROA) is composed of Profit Margin (PM) and Asset Turnover (AT). Compute Rohlen's Profit Margin (PM) for the year ended December 31, 2022. (Enter your answer as a percentage rounded to two decimal places. Do not include the % sign. For example: 0.12345 = 12.35%; enter as 12.35)