The following information pertains to Marigold 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 Accounts receivable (net) Inventory Property, plant and equipment Total Assets $39000 24000 19000 215000 $297000 Liabilities and Stockholders' Equity Current liabilities $ 58000 Long-term liabilities 89000 Stockholders' equity-common Total Liabilities and Stockholders' Equity $297000 150000 Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Net income 100000 44200 55800 20400 $ 35400 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations 5200 $22 0.90 $30100 What is the profit margin for this company? What is the profit margin for this company? O 54.8% O 30.7% O 35.4% o 26.9%