Please answer

QUESTION 14 Clark Corporation, Inc. has the following income statement (in millions) CLARK CORPORATION, INC Income Statement For the Year Ended December 31, 2022 Net sales $240 Cost of goods sold 150 Gross profit 90 Operating expenses 65 Net income $_25 Using vertical analysis, what percentage is assigned to Cost of goods sold? Using vertical analysis, what percentage is assigned to Cost of goods sold? O a. 100% O b.50% O c. 63% O d.37%