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 $ 40000 24000 20000 209000 $293000 Liabilities and Stockholders' Equity Current liabilities $ 60000 Long-term liabilities Stockholders' equity.common 151000 Total Liabilities and Stockholders' Equity $293000 82000 Income Statement Sales revenue Cost of goods sold Gross margin Operating expenses Net income $ 100000 45500 54500 19800 $ 34700 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations 6300 $22 0.90 $30500 What is the profit margin for this company