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Tamarisk, Inc. has the following Income Statement (in millions): TAMARISK, INC. Income Statement For the Year Ended December 31, 2023 Net Sales $200 Cost of

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Tamarisk, Inc. has the following Income Statement (in millions): TAMARISK, INC. Income Statement For the Year Ended December 31, 2023 Net Sales $200 Cost of Goods Sold 90 Gross Profit 110 Operating Expenses 35 Net Income $ 75 Using vertical analysis, what percentage is assigned to gross profit? 100% 0 55.0% O 122.2% O 45.0%

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