Selected data from the 2015 financial statements of KRJ Manufacturing are presented below. Calculate the cash flow margin based on the proxy for cash flow, presenting your answer in percentage terms, rounded to two decimal places. e.g. 20.00%.

Sales	$107,757
Gross profits	$56,694
Operating profits (EBIT)	$34,061
Earnings before taxes (EBT)	$21,111
Net profits	$19,104
Tax expense	9,259
Depreciation expense	$13,773
Total assets, Dec. 31, 2014	$83,626
Total assets, Dec. 31, 2015	$85,660
Total equity, Dec. 31, 2014	$40,188
Total equity, Dec. 31, 2015	$48,255
Cash flow from operations	$34,978