Question 12 7 pts Use this partially filled table and the balanced sheet and income statement in the excel file posted to this homework to answer the related questions that follow. Ratio Year 1 Year 2 Net Profit Margin 1.89% Total Asset Turnover 2.42 Return on Assets Equity Multiplier 1.85 Return on Equity 12.28% 28.08% What is the net profit margin in Year 22 Express your answer in percentage terms rounded to two decimal places (e.g. XYY). Ouimet Distributors Inc. Balance Sheet As of December 31, Year 1 & Year 2 ($ Thousands) Year 1 Cash & cash equivalents 4,401 Accounts receivable 58,196 Inventories 22,763 Total current assets 85,360 PP&E, net 7,387 Goodwill Total assets 92,747 Liabilities Bank indebtedness Payables & accrued liabilities 42,119 Total current liabilities 42,119 Long-term debt 377 Shareholders' Equity Share capital 32,962 Retained earnings 17,289 Total stockholders' equity 50,251 Total Liabilities and Equity 92,747 Year 2 2,196 76,801 36,671 115,668 10,352 14,535 140,555 14,776 59,193 73,969 6,872 38,937 20,777 59,714 140,555 Ouimet Distributors Inc. Income Statement For the period January 1 - December 31, Year 1 & Year 2 ($ Thousands) Year 1 Year 2 Sales 325,843 340,328 Cost of goods sold 299,545 295,775 SG&A 16,246 20,215 Depreciation 1,681 1,973 Amortization of goodwill 382 EBIT 8,371 21,983 Interest 1,025 Income (loss) before income taxes 7,715 20,958 Income taxes 1,543 4,192 Net Income (loss) 6,172 16,766 Common shares outstanding 8,328 8,748 656