Given the following information, if Apple decreased its COGS by $5\%,$ what would be

the effect on net income as a percent of revenue?

Sales: $$265,595,000$

COGS: $$163,756,000$

Operating expenses: $$30,941,000$

Net Income: $$59,531,000$

$25\mathrm{.}50\%$

$19\mathrm{.}33\%$

$22\mathrm{.}41\%$

$38\mathrm{.}34\%$