2020 2019 Balance Sheet Cash $82000 $68000 Short-term investments 26000 12000 Net receivables 65000 70000 Inventory 112000 88000 Prepaid expenses 1200 1500 Total current assets Total current liabilities Income Statement Net sales $286200 $239500 45000 52000 $640000 $532000 Cost of goods sold $456000 $366000 Net income $52000 $28000 Cash Flow Statement: Net cash provided by $68000 $53000 operations Required: The owners of EarthCare Landscaping are wondering what percentage of each sales dollar is earned as net income. Calculate one ratio for 2020 that will answer the owners' question. Round your final answer to 2 decimal places and convert to a percentage (however do not enter the % sign in your answer)