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Just give me answer Salamagundi, Inc. has the following Income Statement (in millions): SALAMAGUNDI, INC. Income Statement For the Year Ended December 31, 2021 Net
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Salamagundi, Inc. has the following Income Statement (in millions): SALAMAGUNDI, INC. Income Statement For the Year Ended December 31, 2021 Net Sales $160 Cost of Goods Sold 100 Gross Profit 60 Operating Expenses_40 Net Income $ 20 Using vertical analysis, what percentage is assigned to net sales? 60%. Can't be computed. 160%. 100% Step by Step Solution
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