Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: 2024...
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Accounting
Excerpts from Nationwide Company's December 31, 2024 and 2023, financial statements are presented below: 2024 2023 Accounts receivable $89,000 $80,000 Inventory 90,000 79,000 Net sales 440,000 377,000 Cost of goods sold 265,000 224,000 Total assets 850,000 780,000 Total stockholders' equity 485,000 445,000 Net income 75,000 56,000 What is the profit margin for 2024? (Round your answer to one decimal place.) Multiple Choice 9.2% 3.1% 17.0% 1.4%
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