Excerpts from Nationwide Company’s December 31, 2024 and 202…
Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 82,000$ 78,000Inventory86,00077,000Net sales450,000381,000Cost of goods sold260,000219,000Total assets830,000785,000Total stockholders’ equity490,000455,000Net income70,00052,000 What is the profit margin for 2024?Note: Round your answer to one decimal place.
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