The following information pertains to Concord Company 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 $ 41000 Accounts receivable (net 24000 Inventory 19000 Property, plant and equipment 212000 Total Assets $296000 Liabilities and Stockholders Equity Current liabilities $ 62000 Long-term liabilities 89000 Stockholders' equity.common 145000 Total Liabilities and Stockholders' Equity $296000 Income Statement Sales revenue 100000 Cost of goods sold 45600 Gross margin 54400 Operating expenses 19700 Net income $34700 Number of shares of common stock 6200 $22 Market price of common stock Dividends per share on common stock Cash provided by operations 0.90 $29700 What is the profit margin for this company