INCOME STATEMENT $\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|\}\backslash$hline Net Sales & & $\backslash$$ $280,522\backslash \backslash \backslash$hline Cost of goods sold & $\backslash$$ $165,536$ & $\backslash \backslash \backslash$hline Fulfillment expense & $\backslash$$ $40,232$ & $\backslash \backslash \backslash$hline Technology and content expense & $\backslash$$ $35,931$ & $\backslash \backslash \backslash$hline Marketing expense & $\backslash$$ $18,878$ & $\backslash \backslash \backslash$hline General and administrative expenses & $\backslash$$ $5,983$ & $\backslash \backslash \backslash$hline Total Expenses & & $\backslash$$ $266,560\backslash \backslash \backslash$hline Income before taxes & & $\backslash$$ $13,962\backslash \backslash \backslash$hline Income tax expense & & $\backslash$$ $2,374\backslash \backslash \backslash$hline Net Income & & $\backslash$$ $11,588\backslash \backslash \backslash$hline $\backslash$end$\{$tabular$\}$ Income Statement Question $9$: Using the income statement, calculate the net profit margin ratio.