Refer to the Following Selected Financial Information from Shakley's Incorporated

Multiple Choice

Refer to the following selected financial information from Shakley's Incorporated.Compute the company's profit margin for Year 2. $$\begin{array} { l r r } & \text { Year 2 } & \text { Year } 1 \\\text { Net sales } & \$ 478,500 & \$ 426,250 \\\text { Cost of goods sold } & 276,300 & 250,120 \\\text { Irterest experse } & 9,700 & 10,700 \\\text { Net incomebefore tax }& 67,250 & 52,680 \\\text { Net income after tax } & 46,050 & 39,900 \\\text { Total assets } & 317,100 & 288,000 \\\text { Total liabilities }& 181,40 0 & 167,300 \\\text { Total equity } & 135,70 0 & 120,700\end{array}$$

A) 14.1%.
B) 11.7%.
C) 9.6%.
D) 16.7%.
E) 33.9%.