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Marin Inc. has the following Income Statement (in millions): MARIN INC. Income Statement For the Year Ended December 31, 2023 Net Sales $200 Cost of

Marin Inc. has the following Income Statement (in millions): MARIN INC. Income Statement For the Year Ended December 31, 2023 Net Sales $200 Cost of Goods Sold 136 Gross Profit 64 Operating Expenses 40 Net Income $ 24 Using vertical analysis, what percentage is assigned to gross profit? 68.0% 47.1% 100% 32.0%

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