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Sage Hill Inc. has the following Income Statement (in millions): SAGE HILL INC. Income Statement For the Year Ended December 31, 2023 Net Sales $178

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Sage Hill Inc. has the following Income Statement (in millions): SAGE HILL INC. Income Statement For the Year Ended December 31, 2023 Net Sales $178 Cost of Goods Sold 115 Gross Profit 63 Operating Expenses 42 Net Income $ 21 Using vertical analysis, what percentage is assigned to net sales? 155% 0 55% O Can't be computed 100%

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