Refer to the following selected financial information from Shakley's Incorporated. Compute the company's profit margin for Year 2.

Year 2 Year 1
Net sales $486,000 $427,750
Cost of goods sold 277,800 251,620
Interest expense 11,200 12,200
Net income before tax 68,750 54,180
Net income after tax 47,550 41,400
Total assets 320,100 297,000
Total liabilities 173,900 168,800
Total equity 146,200 128,200