The following information pertains to Boston Corporation. Assume that all balance sheet amounts represent both average and ending figures. What is the Profit Margin for this corporation? Round your answer to 1 decimal place. Boston Corporation Balance Sheet December 31, 2019 Assets Cash Marketable securities Accounts receivable Inventory Long-term receivables Property, plant, and equipment Total assets Liabilities and Stockholders' I Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity Boston Corporation Income Statement For the Year Ended December Net sales Cost of goods sold Gross margin Operating expenses The following information pertains to Boston Corporation. Assume that all balance sheet amounts represent both average and ending figures What is the Profit Margin for this corporation? Round your answer to 1 decimal place. To $ 20,000 30,000 50.000 100,000 35,000 65.000 $300.000 Boston Corporation Balance Sheet December 31, 2019 Assets Cash Marketable securities Accounts receivable Inventory Long-term receivables Property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity Boston Corporation Income Statement For the Year Ended December 31, 2009 Net sales Cost of goods sold Gross margin Operating expenses income before income taxes income taxes expense Net income $100,000 60,000 140.000 $300,000 $400,000 240,000 $160,000 40.000 $120,000 30,000 $ 90.000