Question 1 of 10 View Policies Show Attempt History Current Attempt in Progress Ayayai, Inc. has the following Income Statement (in millions): AYAYAI, INC. Income Statement For the Year Ended December 31, 2026 Net Sales $245 Cost of Goods Sold 147 Gross Profit 98 Operating Expenses 65 Net Income $33 Using vertical analysis, what percentage is assigned to gross profit? 60.0% 66.7% 40.0% 100.0% Save for Later 0/3 !!! Attempts: 1 of 2 used Submit Answer