Bramble, Inc. has the following Income Statement (in millions): BRAMBLE, INC. Income Statement For the Year Ended December 31, 2026 Net Sales $220 Cost of Goods Sold Gross Profit Operating Expenses Net Income O 100.0% 65.0% O 53.8% O 35.0% 143 E 77 51 Using vertical analysis, what percentage is assigned to gross profit?

Bramble, Inc has the following Income Statement (in millions): Using vertical analysis, what percentage is assigned to gross profit? 100.0%65.0%53.8%35.0%