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2420 Marin Inc has the following Income Statement (in millions): MARIN INC. Income Statement For the Year Ended December 31, 2023 Net Sales $178 Cost

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Marin Inc has the following Income Statement (in millions): MARIN INC. Income Statement For the Year Ended December 31, 2023 Net Sales $178 Cost of Goods Sold 120 Gross Profit 58 Operating Expenses 48 Net Income $ 10 Using vertical analysis, what percentage is assigned to net sales? 148% 100% Can't be computed 48%

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