Assume a company's Income Statement for Year 12 is as follows:

Income Statement Data	Year 12 (in 000s)
Net Revenues from Footwear Sales	$ 290,000
Cost of Pairs Sold	180,000
Warehouse Expenses	16,000
Marketing Expenses	42,000
Administrative Expenses	8,000
Operating Profit (Loss)	44,000
Interest Income (expenses)	(10,000)
Pre-tax Profit (Loss)	34,000
Income Taxes	10,200
Net Profit (Loss)	$ 23,800

Based on the above data, which of the following statements is false?
		Cost of pairs sold are 65.3% of net revenues.
		Marketing costs are 14.5% of net revenues.
		Interest expenses are 3.4% of net revenues.
		Administrative expenses are 2.8% of net revenues.
		Warehouse expenses are 5.5% of net revenues.