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Sheridan, Inc. Income Statement For the Year Ended December 31, 2020 Net Sales $310 Cost of Goods Sold 100 Gross Profit 210 Operating Expenses

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Sheridan, Inc. Income Statement For the Year Ended December 31, 2020 Net Sales $310 Cost of Goods Sold 100 Gross Profit 210 Operating Expenses 194 Net Income $ 16 Using vertical analysis, what percentage is assigned to net sales? O210% O 310% O 100% O Can't be computed.

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