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Selected data from the financial statements of KRJ Manufacturing are presented below. On the company's common-sized income statement, what would be the amount (i.e., percentage)
Selected data from the financial statements of KRJ Manufacturing are presented below. On the company's common-sized income statement, what would be the amount (i.e., percentage) shown for salaries expense? Presenting your answer in percentage terms, rounded to one decimal place. e.g. 20.0%.
Sales $128,157
Cost of goods sold $56,152
Salaries expense $6,341
Tax expense $7,731
Net income $13,426
Total liabilities $21,689
Total assets $58,605
Cash flow from operations $30,582
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