Cochran Corporation, Inc. has the following income statement (in millions):

COCHRAN CORPORATION, INC.

Income Statement

For the Year Ended December 31, 2017

Net Sales: $240

Cost of Goods Sold: $150

Gross Profit: $90

Operating Expenses: $65

Net Income: $25

Using vertical analysis, what percentage is assigned to net income?

		100%
		90%
		10%
		17%