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

MARIN INC. Income Statement For the Year Ended December 31, 2023
Net Sales	$177
Cost of Goods Sold	105
Gross Profit	72
Operating Expenses	43
Net Income	$ 29

Using vertical analysis, what percentage is assigned to net sales?

a) 169%

b) 100%

c) 69%

d) Cant be computed