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Given the following data: Net sales Cost of goods sold Gross profit Operating expenses Net income $470,000 $100,000 $370,000 $70,000 $300,000 In vertical analysis, net

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Given the following data: Net sales Cost of goods sold Gross profit Operating expenses Net income $470,000 $100,000 $370,000 $70,000 $300,000 In vertical analysis, net income would be expressed as: (Round your final answer to the nearest whole percent) A. 15%. B. 64%. C. 21%. D. 79%

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