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Multiple Choice Question 108 Tamarisk, Inc. has the following Income Statement (in millions): TAMARISK, INC. Income Statement For the Year Ended December 31, 2017 Net
Multiple Choice Question 108
Tamarisk, Inc. has the following Income Statement (in millions):
TAMARISK, INC. Income Statement For the Year Ended December 31, 2017 Net Sales $184 Cost of Goods Sold 113 Gross Profit 71 Operating Expenses 47 Net Income $ 24
Using vertical analysis, what percentage is assigned to gross profit?
61.4%
63%
38.6%
100%
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