ABC Company had the following for the last two years: ABC Company had the following for the last two years:

Year $1$:

Sales $=100,000$

Cost of goods sold $=70,000$

Gross profit $=30,000$

Year $2$:

Sales $=120,000$

Cost of goods sold $=80,000$

Gross profit $=40,000$

A year $1$ vertical analysis of gross profit is

$25\mathrm{.}0\%$

$30\mathrm{.}0\%$

$33\mathrm{.}3\%$

$40\mathrm{.}0\%$

$75\mathrm{.}0\%$

Year $1$:

Sales $=100,000$

Cost of goods sold $=70,000$

Gross profit $=30,000$

Year $2$:

Sales $=120,000$

Cost of goods sold $=80,000$

Gross profit $=40,000$

A year $1$ vertical analysis of gross profit is $\_\_\_\_\_.$

Answer

$25\mathrm{.}0\%$

$30\mathrm{.}0\%$

$33\mathrm{.}3\%$

$40\mathrm{.}0\%$

$75\mathrm{.}0\%$