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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

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%

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