Question: Consider the following income statement data for Crane Inc.: 2024 2023 Sales revenue $98800 $89900 Less: Cost of goods sold 46700 56400 Gross profit

Consider the following income statement data for Crane Inc.: 2024 2023 Sales

Consider the following income statement data for Crane Inc.: 2024 2023 Sales revenue $98800 $89900 Less: Cost of goods sold 46700 56400 Gross profit 52100 33500 Less: Selling and administration costs 24400 18600 Net Income $27700 $14900 What was the 2024 profit margin closest to?

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