Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable$40,000  $36,000  Inventory 28,000   35,000  Net sales 190,000   186,000  Cost of goods sold 114,000   108,000  Total assets 425,000   405,000  Total stockholders' equity 240,000   225,000  Net income 32,500   28,000  Stealth Company's 2021 profit margin is: (Round your answer to 1 decimal place.)

A. 7.6%.
B. 17.1%.
C. 4.5%.
D. 13.5%.


Answer: B

Business

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