Refer to the following selected financial information from Gomez Electronics. Compute the company's profit margin for...

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Refer to the following selected financial information from Gomez Electronics. Compute the company's profit margin for Year 2 Net sales Year 2 $ 487,500 Year 1 $ 428,050 Cost of goods sold. 278,100 251,920 Interest expense 11,500 12,500 Net income before tax 69,050 54,480 Net income after tax 47,850 41,700 Total assets Total liabilities Total equity 320,700 298,800 172,400 169,100 148,300 129,700 Refer to the following selected financial information from Gomez Electronics. Compute the company's profit margin for Year 2 Net sales Year 2 $ 487,500 Year 1 $ 428,050 Cost of goods sold. 278,100 251,920 Interest expense 11,500 12,500 Net income before tax 69,050 54,480 Net income after tax 47,850 41,700 Total assets Total liabilities Total equity 320,700 298,800 172,400 169,100 148,300 129,700