Use the financial information for Illinois Tool Works (ticker: ITW) shown below. You want to better understand the profitability of ITW's operations. What is their Profit Margin for 2019, and how did it change relative to 2018? Income Statement USD (SIS in Miliom 12 Months Ended Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 $ 5 $ 5 $ $ $ $ 5 $ 1,9815 1,504 $ 3,094 2,451 2,622 $ 2,625 1,1545 1.3185 1.220 2965 3345 336 3515 $ 6.2535 5,778 5 7,278 1,7295 1.791 $ 1,778 4.4925 4,6335 4,752 8515 1,084 S 1.272 516 554 sos 1.2275 1.0305 1.195 15,0685 14,870 $ 16,780 Operating Revenue $ 14.109 $14.768 % Cost of revenue 6045 Selling, administrative, and r&d expenses $ 2.3615 2.391 5 Legal settlement income $ S $ Amortization impairment of intangible assets & 5 1595 19 $ Operating income $ 3.4025 3.5845 interest expense $ 122115 (257) Other income expense) 5 107 5 income Before Taxes $ 3.295 3.394 5 Income taxes $ 767 8315 Net Income 5 2.5215 25635 Net Income Per Share! Basic in dollars per share) $ 35 Diluted in dollars per sharel 5 Stock Price of 12/31/19: $ : 1787 14 314 306 2,412 195) 200 3.485 (260) es 3.270 1.583 1687 5 5 Balance Sheet - USD ISIS in Miliom Current Assets Cash and equivalents Accounts receivables Inventories Prepaid expenses and other current assets Assets held for sale Total current assets Net plant and equipment Goodwill Intang ble assets Deferred income taxes Others Total Assets Current Liabilities Short-term debe Accounts payable Accrued expenses Cash dividends payable Income taxes payable Liabilities held for sale Total current liabilities Noncurrent Liabilities: Long-term debet Deferred income taxes Noncurrent income taxes payable Other liabilities Total noncurrent liabilities Total liabilities Stockholders' Tout Common Stock Additional paid in capital Retained earnings Common stock held in treasury Accumulated other comprehensive income foss) Noncontrolling interest Total stockholders' equity Total liabilities and stockholders' equity 5 $ $ 5 $ 5 $ 45 4725 1.217 5 5425 485 715 2,1545 1.3515 850 524 S 590 1.271 1.25 28 266 68 $ 89 5 3.5425 3,053 7.7545 6585 6.020 $ 7075 4955 7.478 164 614 5 $ $ 5 $ 1,000 $ 9,8845 12,0385 8,070 S 9,138 11,612 $ 12,191 $ $ 5 $ 6S 1,304 23.4035 118 9821 $ (1,7055 4 $ 3,030 $ 15,068 65 6 1,253 $ 1,218 21.2125 20,210 117,545) S (15,5621 (1,677) (1,287 4 3,258 5 4.589 14,370 5 16,780 $ $ 5 O 17.36%; it improved slightly since 2018 17.36%; it decreased slightly since 2018 O 17.87%; it decreased slightly since 2018 O 17.87%; it improved slightly since 2018