Question
Year 2 Year 1 Net Sales $478,500 $426,250 Cost of goods sold $276,300 $250,120 Interest expense $9,700 $10,700 Net income before tax $67,250 $52,680 Net
Year 2 Year 1
Net Sales $478,500 $426,250
Cost of goods sold $276,300 $250,120
Interest expense $9,700 $10,700
Net income before tax $67,250 $52,680
Net Income after tax $46,050 $39,900
Total assets $317,100 $288,000
Total liability $181,400 $167,300
Total equity $135,700 $120,700
What is the profit margin for year 2?
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