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Blanco, Inc. has the following income statement (in :(millions .BLANCO, INC Income Statement For the Year Ended December 31, 2010 Net Sales $200 Cost of

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Blanco, Inc. has the following income statement (in :(millions .BLANCO, INC Income Statement For the Year Ended December 31, 2010 Net Sales $200 Cost of Goods Sold 120 Gross Profit 80 Operating Expenses 44 Net Income $ 36 Using vertical analysis, what percentage is assigned to ?net income : Select one .a 18% .b 22% . 70% .d 45%

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