Consider the following condensed financials for Crean and Crimson Foods: INCOME STATEMENT: 2013 Sales $114,750.00 Cost of Goods Sold $68,850.00 Gross Margin $45,900.00 Depreciation $19,200.00 Administrative Costs $10,800.00 EBIT $15,900.00 Interest $4,000.00 Pre-tax income $11,900.00 Taxes $4,760.00 Net Income $7,140.00 Dividends $0.00 Addition to Retained Earnings $7,140.00 BALANCE SHEET AS OF 12/31/2013: ASSETS 2013 Cash $6,000.00 Inventory $18,467.00 Accounts Receivable $17,212.50 Current Assets $41,679.50 Net PPE $92,000.00 Total Assets (TA) $133,679.50 LIABILITIES & SHAREHOLDER EQUITY 2013 Accounts Payable $30,000.00 Current Liabilities $30,000.00 Long Term Debt $46,539.50 Total Liabilities $76,539.50 Shareholder Equity $57,140.00 Total Liabilities and Shareholder Equity $133,679.50 Find the net profit margin for the firm for 2013?