Marigold, Inc. has the following Income Statement (in millions):

Marigold, Inc. Income Statement For the Year Ended December 31, 2017

Net Sales	$270
Cost of Goods Sold	189
Gross Profit	81
Operating Expenses	52
Net Income	$29

Using vertical analysis, what percentage is assigned to gross profit?

• A.

  30.0%

• B.

  100.0%

• C.

  81%

• D.

  70.0%