Selected data from the 2015 financial statements of krj, Ask an Expert

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Selected data from the 2015 financial statements of KRJ Manufacturing are presented below. Calculate the cash flow margin based on the proxy for cash flow, presenting your answer in percentage terms, rounded to two decimal places. e.g. 20.00%.

Sales	$111,941
Gross profits	$55,415
Operating profits (EBIT)	$27,244
Earnings before taxes (EBT)	$22,929
Net profits	$16,896
Tax expense	9,765
Depreciation expense	$11,767
Total assets, Dec. 31, 2014	$80,156
Total assets, Dec. 31, 2015	$85,756
Total equity, Dec. 31, 2014	$40,890
Total equity, Dec. 31, 2015	$47,353
Cash flow from operations	$29,188

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