The following information pertains to Cheyenne Corp. 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 Accounts receivable (net) Inventory Property, plant and equipment Total Assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity $53000 31000 21000 237000 $342000 $ 64000 73000 205000 $342000 Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Net income $92000 42000 50000 28000 $ 22000 Number of shares of common stock Market price of common stock Dividends per share on common stock 11000 $27 10.5 ADOS po Pro Current liabilities $ 64000 Long-term liabilities Stockholders' equity-common Total Liabilities and Stockholders' Equity 73000 205000 $342000 Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Net income $92000 42000 50000 28000 $ 22000 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations 11000 $27 10.5 $42000 What is the profit margin for this company? 43.3% 19.2% 23.9% 15.9%