Question 9 6 pts Assets Cash and short-term investments $45,000 Accounts receivable (net) 25,000 Inventory 12,000 Property, plant and equipment 210.000 Total Assets $292,000 Liabilities and Stockholders' Equity Current liabilities $50,000 Long-term liabilities 90,000 Stockholders' equity-common 152.000 Total Liabilities & SH Equity $292,000 Income Statement Sales $120,000 Cost of goods sold 66.000 Gross profit 54,000 Operating expenses 30.000 Net income $24,000 Number of shares of common stock 6,000 Market price of common stock $20 Dividends per share 0.5 Using the above information, what is the company's profit margin? 20% .45% O 2% 45% D Question 10 6 pts Assets Cash and short-term investments $45.000 Accounts receivable (average) 25,000 Inventory (average) 12,000 Property, plant and equipment 210.000 Total Assets $292,000 Liabilities and Stockholders' Equity Current liabilities $50,000 Long-term liabilities 90,000 Stockholders' equity-common 152.000 Total Liabilities & SH Equity $292,000 Income Statement Net Sales (all on credit) $120,000 Cost of goods sold 66,000 Gross profit 54,000 Operating expenses 30.000 Net income $24,000 Number of shares of common stock 6,000 Market price of common stock $20 Dividends per share 0.5 Using the above information, what is the company's average collection period? O 66.36 days 0 76.04 days 4.80 days O 5.50 days