X This is measured by profit margin which is net income divided by net sales The following amounts were taken from the financial statements of Nicklaus Company 2017 2016 Total assets Net sales Gross proft $800,000 20,000 352,000 14400 120,000 650,000 320,000 17000 weigted average mber of common shares outstanding Market price of common stock How much praht did Nicklaus Company generate out of each dollar of sales during 2017 O 15 cents or 15% 10cents or 30% 30cents or 30% 20cents or 20%