The following amounts were taken from the financial statements of Crane Company: Total assets Net sales Gross profit Net income Weighted average number of common shares outstanding Market price of common stock The profit margin ratio for 2020 is O 8%. O 18%. O 16%. O 7%. 2020 $790000 $900000 680000 600000 300000 2019 50000 54400 110000 $40 260000 50000 $36

The following amounts were taken from the financial statements of Crane Company: The profit margin ratio for 2020 is 8%. 18%. 16%. 7%