Juroe Company provided the following income statement for last year:

Sales	$11,600,000
Cost of goods sold	3,000,000
Gross margin	$8,600,000
Operating expenses	3,800,000
Operating income	$4,800,000
Interest expense	1,000,000
Income before taxes	$3,800,000
Income taxes	1,400,000
Net income	$2,400,000

Juroe's balance sheet as of December 31 last year showed total liabilities of $11,200,000, total equity of $6,450,000, and total assets of $17,650,000.

Required:

1. Calculate the return on sales. Round to two decimal places. %

2. The return on sales ratio illustrates the number of cents from each sales dollar that is left over after covering Juroe Company's return on sales is____ %, which indicates that for every $1.00 of sales revenue it generates, cents are left over after subtracting______ . Appropriate return on sales benchmarks vary by industry and economic conditions. However, generally speaking, a return on sales of____ cents is_____ .