The Following Financial Statement Information Is Available for James Corporation

The following financial statement information is available for James Corporation: $\begin{array}{lrr}&2017&2016\\\text { Net sales } & \$ 780,000 & \$ 697,000 \\\text { Cost of goods sold } & 406,000 & 377,000 \\\text { Net income } & 120,000 & 80,000 \\\text { Tax expense } & 48,000 & 29,000 \\\text { Interest expense } & 14,000 & 14,000\end{array}$ The profit margin for 2017 is

A) 15.4%.
B) 47.9%.
C) 32.1%.
D) 13.5%.