Current Attempt in Progress The following information pertains to Swifty Corporation. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $ 48000 Accounts receivable (net) 26000 Inventory 50000 Property, plant and equipment 240000 Total Assets $364000 Liabilities and Stockholders Equity Current liabilities $ 77000 Long-term liabilities 73000 Stockholders equitycommon 214000 Total Liabilities and Stockholders Equity $364000 Income Statement Sales revenue $87000 Cost of goods sold 45000 Gross profit 42000 Operating expenses 19000 Net income $ 23000 Number of shares of common stock 9000 Market price of common stock $17 Dividends per share on common stock 2.0 Cash provided by operations $25000 What is the profit margin for this company? 21.7% 18.4% 45.8% 26.4%