The following information is taken from the financial statements of Clybourn Company for the current year:

Current Assets $ 399,000

Total Assets 894,000

Cost of Goods Sold 654,000

Gross Profit 204,000

Net Income 124,000

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?

Multiple Choice

14%

61%

100%

Cannot be determined