Missoula Inc. reported the following selected financial statement data: Dec 31, 2020 $ 32,000 50,000 79,099...

 

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Missoula Inc. reported the following selected financial statement data: Dec 31, 2020 $ 32,000 50,000 79,099 Cash Accounts receivable (net) Inventory Plant assets (net) Total assets Liabilities Shareholders' equity Net sales Cost of goods sold Net income 212,800 411,000 147,099 264,800 342,000 222,000 22,000 Dec 31, 2021 $ 35,000 56,000 74,000 222,000 399,000 147,000 252,000 424,000 284,000 29,000 Compute the profit margin on sales for 2021. Missoula Inc. reported the following selected financial statement data: Dec 31, 2020 $ 32,000 50,000 79,099 Cash Accounts receivable (net) Inventory Plant assets (net) Total assets Liabilities Shareholders' equity Net sales Cost of goods sold Net income 212,800 411,000 147,099 264,800 342,000 222,000 22,000 Dec 31, 2021 $ 35,000 56,000 74,000 222,000 399,000 147,000 252,000 424,000 284,000 29,000 Compute the profit margin on sales for 2021.

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