The following information pertains to Wildhorse Co. 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	$ 48000
Accounts receivable (net)	53000
Inventory	46000
Property, plant and equipment	233000
Total Assets	$380000
Liabilities and Stockholders Equity
Current liabilities	$ 59000
Long-term liabilities	73000
Stockholders equitycommon	248000
Total Liabilities and Stockholders Equity	$380000
Income Statement
Sales revenue	$82000
Cost of goods sold	43000
Gross profit	39000
Operating expenses	20000
Net income	$ 19000
Number of shares of common stock	7000
Market price of common stock	$20
Dividends per share on common stock	1.2
Cash provided by operations	$31000

What is the profit margin for this company?

A. 23.2%

B. 15.2%

C. 42.6%

D. 18.5%