Bloomfield Bakers accounts for its investment in Clor Confectionary under the equity method. Bloomfield carried the Clor investment at $150,000 and $165,850 at December 31 of 2012 and 2013, respectively. During 2013 Clor recognized $75,500 of net income and paid dividends of $20,550. Assuming that Bloomfield owned the same percentage of Clor throughout 2013, their percentage ownership must have been (Round your answer to the nearest whole percent):
All methods and formulas used must be in complience with GAAP standards, please no excel or calculator tricks and show how you got your numbers and the awnser, please.