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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 $ 250 Cost

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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 $ 250 Cost of Goods Sold 175 Gross Profit 75 Operating Expenses 50 Net Income $ 25 Using vertical analysis, what percentage is assigned to gross profit? O 100% O 42.9% 30.0% O 70.0%

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