Question 12 test help

TIMER RESOURCES (1, 13, 14) Question 12 Financial statement information follows as of the end of each year. 2021 2020 Inventory $ 54,000 $ 48,000 Net sales 784,000 697,000 Cost of goods sold 306,000 277,000 Net income 134,000 90,000 10 Compute the profit margin ratio for 2021. 1 11 12 O. 5.9%. n 13 n 14 37.9%. n 15 on 16 O 18.1%. on 17 on 18 17.1%. on 19 on 20 ion 21 ion 22 Questi ion 23 tion 24 tion 25 tion 26 tion 27 stion 28 stion 29 stion 30 stion 31 stion 32 estion 33 estion 34 estion 35 estion 36