A company has total assets of $$750,000,$ sales of $$470,000,$ gross margin of $$350,000,$ income before taxes of $55,000,$ and net income of $$40,000.$ When

performing vertical analysis, the percentage assigned to net income is:

$27\mathrm{.}3\%.$

$11\mathrm{.}4\%.$

$11\mathrm{.}7\%.$

$8\mathrm{.}5\%.$