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The following amounts were taken from the financial statements of Plant Comparvy, Total assets 2015 2014 $800,000 $1,000,000 Net sales 840,000 850,000 Gross profit 370,000

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The following amounts were taken from the financial statements of Plant Comparvy, Total assets 2015 2014 $800,000 $1,000,000 Net sales 840,000 850,000 Gross profit 370,000 320,000 Net income 185,400 117,000 Weighted average number of common shares outstanding 90,000 90,000 $35 Market price of common stock $39 The profit margin ratio for 2015 is: a. 44% O b. 22% O c. 18.5%. d. 19.496

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