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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, 2017 Net Sales $330
Sage Hill Inc. has the following income statement (in millions):
| SAGE HILL INC. Income Statement For the Year Ended December 31, 2017
| |
| Net Sales | $330 |
| Cost of Goods Sold | $160 |
| Gross Profit | $170 |
| Operating Expenses | $ 60 |
| Net Income | $110 |
Using vertical analysis, what percentage is assigned to net income?
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