Income Statement Sales CGS 2019 2018 $ 5,500.00 $ 5,000.00 3,200.00 3,000.00 Gross margin 2,300.00 2,000.00 SGA expenses 1,400.00 1,200.00 EBIT 900.00 800.00 Interest expense 28.00 30.00 Other income/expense EBT 872.00 770.00 Tax expense 252.00 222.00 Net income $ 620.00 $ 548.00 Balance Sheet Cash and CES 400.00 $ 300.00 A/R Net 575.00 420.00 Inventories net 325.00 250.00 OCA 100.00 110.00 Total current assets 1,400.00 1,080.00 PPE net 2,100.00 2,000.00 ONCA Net 52.00 50.00 Total assets $ 3,552.00 $ 3,130.00 A/P 330.00 325.00 Accruals 230.00 225.00 Income taxes due 65.00 60.00 Notes payable and CPLTD 50.00 100.00 Total current liabilities 675.00 710.00 LTD 725.00 764.00 Deferred taxes 225.00 200.00 ONCL 584.00 423.00 Total liabilities 2,209.00 2,097.00 C/S at par 50.00 50.00 APIC 750.00 750.00 R/E 543.00 233.00 Total equity 1,343.00 1,033.00 Total liabilities and equity $ 3,552.00 $ 3,130.00 Balance check Weighted average # share outstanding Stock price 250.00 49.60 Refer to FECES financial statements. Consider vertical analysis (common size). What is the 2018 common size % for SGA expenses? 10.96% 24% 25.45% 16%