Question 6 of 12 < ^ Marigold Corporation, Inc. has the following income statement (in millions): Marigold Corporation, Inc. Income Statement For the Year Ended December 31, 2020 Net Sales $170 Cost of Goods Sold 102 Gross Profit 68 Operating Expenses 35 Net Income $33 Using vertical analysis, what percentage is assigned to cost of goods sold? 60% 40% 50% 100%