Gaynor Corporation’s partial income statement is as follows: Sales...

Gaynor Corporation’s partial income statement is as follows:

Sales                                                                                      $1,200,000

Cost of sales                                                                       450,000

Selling expenses                                                              60,800

General and administrative expenses                    75,000

Required

Determine the profit margin. Would you invest in Gaynor Corporation? Explain your answer.