us.com/courses/44220/assignments/4913353?module_item_id=15387435 The following information pertains to Sheridan Company. Assume that all balance sheet amounts represen port Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment (net) Total Assets $ 45000 30000 25000 302000 $402000 Liabilities and Stockholders' Equity Current liabilities $53000 Long-term liabilities 85000 Stockholders' equity-common 264000 Total Liabilities and Stockholders' $402000 Equity Income Statement Sales (net) Cost of goods sold Gross profit Operating expenses Net income $307000 79450 227550 28000 $ 199550 Number of shares of common stock Market price of common stock Dividends per share 4000 $22 0.60 What is the profit margin for Sheridan? 114% 35% 74% 65%