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223 Selected data (in thousands) from the income statement of Crane Inc are shown below. Net sales $1,980 Cost of goods sold 1650 Gross profit

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223 Selected data (in thousands) from the income statement of Crane Inc are shown below. Net sales $1,980 Cost of goods sold 1650 Gross profit 330 Operating expenses Profit before income tax 107 Income tax expense 32 Profit $75 Performa vertical analysis and calculate the percentage of the base amount for the current year. (Round percentage answers to 1 decimal place, es 52.7%) Income Statement Percent | | Amount Net sales $ Cost of goods sold Gross profit Operating expenses Pront before Income tax Income tax expense Profit

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