The Poole Company reported the following income for Year 2 Sales Cost of goods sold Gross margin Selling and administrative expense Operating income Interest expense Income before taxes Income tax expense Net income $39,500 9,900 $29,600 11,900 $17,700 5,900 $11,800 3,540 $8,260 What is the company's net margin? (Round your answer to 2 decimal places.)