The Following Amounts Were Taken from the Financial Statements of Ando

The following amounts were taken from the financial statements of Ando Company: $\begin{array}{lrr}&2014&2013\\\text { Total assets } & \$ 800,000 & \$ 1,000,000 \\\text { Net sales } & 720,000 & 650,000 \\\text { Gross profit } & 352,000 & 320,000 \\\text { Net income } & 144,000 & 11,000 \\\text { Weighted average number of } & &\\\text { common shares outstanding }&90,000 & 90,000 \\\text { Market price of common stock }&\$ 35 & \$ 39\end{array}$ The profit margin ratio for 2014 is

A) 20.6%.
B) 21.0%.
C) 20%.
D) 40.9%.