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Entity A has the following Income Statement (in millions): Entity A. Income Statement For the Year Ended December 31, 2022 Net Sales Cost of Goods

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Entity A has the following Income Statement (in millions): Entity A. Income Statement For the Year Ended December 31, 2022 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income $240 100 ? 80 $ 60 Using vertical analysis, what percentage is assigned to gross profit? O 25% O 58.3% 100% O 41.7%

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