ware on Credit The following information pertains to Vaughn Manufacturing. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all a Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets Uabilities and Stockholders' Equity Current abilities Long-term liabilities Stockholders' equity common Total Liabilities and Stockholders' Equity $ 58000 31000 47000 223000 $359000 $57000 86000 216000 55359000 Income Statement $93000 43000 50000 Sales revenue Cost of goods sold Gross profit Operating expenses Net income 20000 $ 30000 dy 20000 $28 Number of shares of common stock Market price of common stock Dividends per share on common stock Cost of goods sold Gross profit Operating expenses Net income 43000 50000 20000 $ 30000 20000 $28 Number of shares of common stock Market price of common stock Dividends per share on common stock Cash provided by operations $48000 What is the profit margin for this company? 24% 52% 28% 32.3%