Question: Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31. 2017 2016 Net sales $757,500
Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31.
| 2017 | 2016 | |||
| Net sales | $757,500 | $721,500 | ||
| Cost of goods sold | 480,500 | 445,000 | ||
| Interest expense | 8,000 | 4,200 | ||
| Net income | 45,500 | 37,000 | ||
| Accounts receivable | 123,500 | 110,000 | ||
| Inventory | 85,700 | 72,400 | ||
| Total assets | 577,100 | 501,300 | ||
| Total common stockholders equity | 433,400 | 324,500 |
Compute the following ratios for 2017. (Round answers to 1 decimal place, e.g. 1.6, or 1.6% .)
| Profit margin:
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