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DARIUS, INC Income Statement For the Year Ended December 31, 2013 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income $300 120

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DARIUS, INC Income Statement For the Year Ended December 31, 2013 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income $300 120 180 $136 Darius, Inc. has the following income statement (in millions): Using vertical analysis, what percentage is assigned to Cost of Goods Sold? 30% 100% None of the above

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