The following information is taken from the financial statements of a company for the current year:

Current assets	$413,000
Total assets	908,000
Cost of good sold	668,000
Gross Profit	218,000
Net income	138,000

On a common size income statement for the year, what is the percentage that would be shown next to the dollar amount of sales revenue?

100%

16%

63%

Cannot be determined

What is the gross profit percentage for the current year (rounded to the nearest whole percent)?

30%

25%

63%

75%