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Miller Company reports the following financial information for the current year: Net Sales $40,000 Cost of Goods Sold 9,000 Gross Profit 31,000 Operating Expenses 6,000
Miller Company reports the following financial information for the current year: Net Sales $40,000 Cost of Goods Sold 9,000 Gross Profit 31,000 Operating Expenses 6,000 Operating Income 25,000 Interest Expense 300 Income Before Income Taxes 24,700 Income Tax Expense 2,400 Net Income $22,300 What is the vertical analysis percentage for Net Income
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