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Borger, Inc. has the following income statement: Borger, Inc.Income StatementFor the year ended December 31, 2017Net Sales$70,000Cost of Goods Sold 42,000 Gross Profit28,000Operating Expenses 16,000

Borger, Inc. has the following income statement:

Borger, Inc.Income StatementFor the year ended December 31, 2017Net Sales$70,000Cost of Goods Sold42,000Gross Profit28,000Operating Expenses16,000Net Income$12,000

Using vertical analysis, what percentage is assigned to Net Income?

17.14%

60.00%

100.00%

42.86%

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