--/3 Question 38 View Policies Current Attempt in Progress 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' equity-common 248000 Total Liabilities and Stockholders' [quity $380000 Income Statement $82000 Sales revenue 43000 Cost of goods sold 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? 15.2% 18.5% 23.2% 42.6%