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Given the following income statement information, what percentage would appear for selling expenses in a vertical analysis? Sales $600,000 Cost of goods sold 400,000 Selling

Given the following income statement information, what percentage would appear for selling expenses in a vertical analysis?

Sales $600,000

Cost of goods sold 400,000

Selling expenses 50,000

Net income 36,000

a. 67%

b. 6%

c. 8%

d. Cannot be determined with information provided.

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