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Splish Brothers Inc. has the following income statement (in millions): Splish Brothers Inc. has the following income statement (in millions): $300 SPLISH BROTHERS INC. Income

Splish Brothers Inc. has the following income statement (in millions):

Splish Brothers Inc. has the following income statement (in millions): $300 SPLISH BROTHERS INC. Income Statement For the Year Ended December 31, 2017 Net Sales Cost of Goods Sold 160 Gross Profit 140 Operating Expenses Net Income $ 69 71 Using vertical analysis, what percentage is assigned to net income? 0 23% O 77% 100% 43%

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