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SwiftyCorporation, Inc. has the following income statement (in millions): SwiftyCorporation, Inc. Income Statement For the Year Ended December 31, 2017 Net Sales $290 Cost of
SwiftyCorporation, Inc. has the following income statement (in millions):
SwiftyCorporation, Inc.
Income Statement
For the Year Ended December 31, 2017 Net Sales $290 Cost of Goods Sold 221 Gross Profit 69 Operating Expenses 40 Net Income$29
Using vertical analysis, what percentage is assigned to net income?
100%
90%
10%
17%
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