Consider the following data from the financial statements of Stevensom Year 2 $21,000,000 Year 1 $19,500,000 Interest expenses Sales Cost of goods sold Net income Income taxes 7,413,000 1,890,000 6,630,000 1,560,000 164,500 144,500 220,286 196,286 Current assets 2,250,000 2,115,000 Total assets 5,050,000 4,760,000 Total liabilities 760,000 750,000 Total stockholders' equity 4,290,000 4,010,000 Knowledge Check 01 Refer to the information above. What was the gross margin percentage O 66.0%