Marin Inc. has the following income statement (in millions):

Marin Inc. has the following income statement (in millions): MARIN INC. Income Statement For the Year Ended December 31, 2017 Net Sales $320 Cost of Goods Sold 190 Gross Profit 130 Operating Expenses 73 Net Income $ 57 Using vertical analysis, what percentage is assigned to cost of goods sold? O 100% O 38% O 50% O 59%