Given the selected income statement data for Gray Co., what was its effective tax rate for the year? Present your answer in percentage terms rounded to one decimal place (e.g., 23.4%). Sales $427 Cost of goods sold $237 Selling, general, and administrative expenses $77 Tax expense $42 Net income $44 Total liabilities Total assets $434 $536 QUESTION 9 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 cost of goods sold? Presenting your answer in percentage terms, rounded to one decimal place (e.g.. 20.0%). Sales $139882 Cost of goods sold $52365 Selling, general, and administrative expenses $6019 Tax expense $6947 Net income $15201 Total liabilities $27198 Total assets Cash flow from operations $55900 $26846 10 poi