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