View Policies Current Attempt in Progress Selected comparative statement data for Tyrone Company are presented below. All balance sheet data are as of December 31. 2020 2019 $1,108,000 $1,184.000 702,000 651,000 14.000 10,000 Net sales Cost of goods sold Interest expense Net income Accounts receivable Inventory Total assets Preferred stock (6%) Total stockholders' equity 153.920 143,000 99,000 780,000 201,000 630,000 141.000 121.000 93,000 700.000 201.000 517.000 (a) Compute the profit margin for 2020. (Round answer to 1 decimal place, eg. 15.2%) Profit margin %