The comparative financial statements prepared at December 31, 2017, for Pinnacle Plus showed the following summarized data: Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense. Income before Income Tax Expense Income Tax Expense (308) Net Income Balance Sheet Cash Accounts Receivable, Net. Inventory Property and equipment, Net Total Assets. Accounts Payable Income Tax Payable Note Payable, Long-Term Total Liabilities, Contributed Capital (9,300 shares) Retained Earningst Total Liabilities and Shareholders' Equity 2017 2016 $130,000 $119,000. 60,000 56,000 70,000 63,000 42,000 39,000 3,000 3,000 25,000 7,500 21,000 6,300 $ 17,500 $ 14,700 $ 50,147 $ 17,700 27,000 35,000 42,000 28,000 75,000 85,000 $187,147 $172,700 $ 24,847 $22,800 900 400 30,000 30,000 55,747 53,200 93,000 93,000 38,400 26,500 $187,147 $172,700 "One-half of all sales are on credit. *During 2017, cash dividends amounting to $5,600 were declared and paid. Required: 1-a. Compute the net profit margin for 2017 and 2016. (Round your answers to 1 decimal place.)