3. The following information pertains to XYZ Company Assets Cash and short-term investments $ 145,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant and equipment 210,000 Total Assets $410,000 Liabilities and Stockholders' Equity Current liabilities $ 60,000 Long-term liabilities 195,000 Stockholders' equity-common 155,000 Total Liabilities and Stockholders' Equity $410,000 Income Statement Sales revenue $ 346,000 Cost of goods sold 166,000 Gross margin 180,000 Operating expenses 93,000 Net income $ 87,000 Based on the information provided, what is the 2021 profit margin