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Concord, Inc. has the following Income Statement (in millions): Concord, Inc. Income Statement For the Year Ended December 31, 2017 Net Sales $300 Cost of

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Concord, Inc. has the following Income Statement (in millions): Concord, Inc. Income Statement For the Year Ended December 31, 2017 Net Sales $300 Cost of Goods Sold 140 Gross Profit 160 Operating Expenses 142 Net Income $ 18 Using vertical analysis, what percentage is assigned to net sales? 300% O Can't be computed. O 114% O 100%

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