Crane, Inc. has the following Income Statement (in millions):

Crane, Inc. Income Statement For the Year Ended December 31, 2017

Net Sales	$250
Cost of Goods Sold	180
Gross Profit	70
Operating Expenses	35
Net Income	$35

Using vertical analysis, what percentage is assigned to gross profit?

• A.

  28.0%

• B.

  100.0%

• C.

  70%

• D.

  72.0%