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22:38 Submit Niagara Falls Tourism Inc.'s income statement contains the information below. Using vertical analysis, what percentages would apply to cost of sales, gross profit,

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22:38 Submit Niagara Falls Tourism Inc.'s income statement contains the information below. Using vertical analysis, what percentages would apply to cost of sales, gross profit, and interest expense, respectively? Net Sales Revenue $645,000 Cost of Sales 425,000 Gross Profit 220,000 Operating and Other Expenses 86,500 Interest Expense 30,500 Income Tax Expense 34,500 Net Income $ 68,500 Cost of Sales 73.7% 49.1% 100.0% 65.9% (A) B) (C) D) Gross Profit 100.0% 59.6% 51.8% 34.1% Interest Expense 5.7% 39.0% 8.1% 4.7%

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