Selected data from the 2015 financial statements of KRJ Manufacturing are presented below. Calculate the net operating profit margin, presenting your answer in percentage terms, rounded to two decimal places. e.g. 20.00%. Recall that in calculating the net operating profits after taxes, the tax rate is found by dividing tax expense by earnings before tax.

Sales	$112,974
Gross profits	$58,106
Operating profits (EBIT)	$25,947
Earnings before taxes (EBT)	$22,851
Net profits	$15,000
Tax expense	12,036
Depreciation expense	$13,398
Total assets, Dec. 31, 2014	$84,745
Total assets, Dec. 31, 2015	$89,720
Total equity, Dec. 31, 2014	$42,271
Total equity, Dec. 31, 2015	$40,104
Cash flow from operations	$32,112