Juroe Company provided the following income statement for last year:

Sales $11,300,000
Cost of goods sold 3,000,000
Gross margin $ 8,300,000
Operating expenses 3,800,000
Operating income $ 4,500,000
Interest expense 1,000,000
Income before taxes $ 3,500,000
Income taxes 1,400,000
Net income $ 2,100,000
Juroe's balance sheet as of December 31 last year showed total liabilities of $10,250,000, total equity of $6,150,000, and total assets of $16,400,000.

Required:

1. Calculate the return on sales. Round to two decimal places.
%

2. The return on sales ratio illustrates the number of cents from each sales dollar that is left over after covering Juroe Company's return on sales is %, which indicates that for every $1.00 of sales revenue it generates, cents are left over after subtracting . Appropriate return on sales benchmarks vary by industry and economic conditions. However, generally speaking, a return on sales of cents is .