Beach Wear had Total Sales last year of $360,388, and ended the year with $225,223 in Total

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Question:

Beach Wear had Total Sales last year of $360,388, and ended the year with $225,223 in Total Assets. The Income Statement shows that Net Income was $22,027 for the year, and that the firm paid out 50% of that as Dividends. As a percentage, what was the firm's profit margin?