Question: Given the balance sheet and income statement shown below, calculate Rebel Golf's 2017 profit margin. Enter your answer as a number with 4 decimal places

 Given the balance sheet and income statement shown below, calculate Rebel

Given the balance sheet and income statement shown below, calculate Rebel Golf's 2017 profit margin. Enter your answer as a number with 4 decimal places of precision (i.e. 0.1234 or 1.234) - ensure you include a leading number before the decimal point. Balance Sheet as of December 31 2017 Income Statement 2017 2016 - 2017 2016 Sales Revenue $ 75,680 Assets Liabilities and Shareholder Equity Operating costs Excluding D&A 59.920 Current Asset Current Liabilities EBITDA 15,760 Cash and Equivalents $ 2,783 $ 2,612 Accruals $ 179 $ 80 Depreciation and Amortization 3,237 Accounts receivable 3,780 3,108 Accounts payable 2,190 1,975 Earnings before interest and taxes (EBIT) $12.523 inventory 10,970 9,840 Notes payable 1,438 1,386 Interest 2,964 Total Current Assets $17.533 $ 15.560 Total Current Liabilities $ 3,807 $3,441 Earnings before taxes (EBT) 9,559 Taxes (38%) 3.632 Long-term Debt 13,840 12,510 Net Income $ 5,927 Total Liabilities 17,647 15,951 Long-term Assets Not Hud Assets 41,323 29,650 Shareholder Equity Common stock Retained earnings Total Shareholder Equity $ 25,000 $ 25,000 16,209 4,259 $ 41.209 S 29,259 Total Assets $58,856 $ 45,210 Total Liabilities and Shareholder Equity $ 58.856 $ 45,210

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