The following information pertains to Sheffield 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 $49000 Accounts receivable (net) 30000 20000 Inventory Property, plant and equipment 212000 Total Assets $311000 Liabilities and Stockholders' Equity Current liabilities $73000 Long-term liabilities 72000 Stockholders' equity-common 166000 Total Liabilities and Stockholders' Equity $311000 Income Statement Sales revenue $89000 Cost of goods sold 43000 Gross profit 46000 25000 Operating expenses Net income $ 21000 Number of shares of common stock 5000 $19 Market price of common stock Dividends per share on common stock 6.2 Cash provided by operations $41000 What is the profit margin for this company? 18.9% 43.0% 23.6% 15.6%