Question 30 WAlby Inc. Income Statement FY Ended December 31, 2020 Net Sales. $500 Cost of Goods Sold $260 Gross Profit $240 Operating Expenses $210 Net Income $30 2 pts Using vertical analysis, what is the profit margin (-net income margin)? Said differently: what percentage of net sales were represented by the net income? Profit margin-Net income/Net Sales 6% 10% O 47% 67%