The following presents the balance sheet for Firm K, along with information from the it ome statement. Calculate the Profit Margin for Firm K. Income Statement Inf Revenue: EBIT: Net Income: nation 00 - 300 200 300 Total Assets: 2,000 O Current Assets: 600 Cash: 100 Receivables: 200 Inventory: 300 0 Noncurrent Assets: 1,400 Net PP&E: 1,100 Other NCA: Total Liabilities: 1,500 o Current Liabilities: 700 Current Debt: 250 Payables: 300 Accruals: 150 o Noncurrent Liabilities: 800 Long Term Debt: 800 Total Equity: 500 o Common Stock o Retained Earnings 100 400 O 5.796 O 11.4% O 22.896 0 25.0% The following presents the balance sheet for Firm K, along with information from the it ome statement. Calculate the Profit Margin for Firm K. Income Statement Inf Revenue: EBIT: Net Income: nation 00 - 300 200 300 Total Assets: 2,000 O Current Assets: 600 Cash: 100 Receivables: 200 Inventory: 300 0 Noncurrent Assets: 1,400 Net PP&E: 1,100 Other NCA: Total Liabilities: 1,500 o Current Liabilities: 700 Current Debt: 250 Payables: 300 Accruals: 150 o Noncurrent Liabilities: 800 Long Term Debt: 800 Total Equity: 500 o Common Stock o Retained Earnings 100 400 O 5.796 O 11.4% O 22.896 0 25.0%