TAMARISK, INC Income Statement For the Year Ended December 31, 2023 Net Sales $ 160 Cost of Goods Sold 96 Gross Profit 64 Operating Expenses 30 Net Income $ 34 Using vertical analysis, what percentage is assigned to gross profit 100 60 0 66 7 40 0

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TAMARISK, INC. Income Statement For the Year Ended December 31, 2023 Net Sales $ 160 Cost of Goods Sold 96 Gross Profit 64 Operating Expenses

TAMARISK, INC. Income Statement For the Year Ended December 31, 2023
Net Sales	$ 160
Cost of Goods Sold	96
Gross Profit	64
Operating Expenses	30
Net Income	$ 34

Using vertical analysis, what percentage is assigned to gross profit?

100%

60.0%

66.7%

40.0%

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