Based on the selected financial information shown below, calculate the profit margin for year 2. Round to two decimal places.
Year 1 Year 2
Total assets $1,200,000 $1,300,000
Total shareholders' equity $760,000 $800,000
Sales $5,000,000 $5,500,000
Net Income $200,000 $225,000

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The Answer of Based on the selected financial information shown below, calculate the profit margin for year 2. Round to two decimal places.
Year 1 Year 2
Total assets $1,200,000 $1,300,000
Total shareholders' equity $760,000 $800,000
Sales $5,000,000 $5,500,000
Net Income $200,000 $225,000

Based on the Selected Financial Information Shown Below, Calculate the Profit