The following income statement information is available for two different companies within the same industry: Smith $9,000 3,000 6,000 Jones $50,000 30,000 20,000 Net Sales Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses): 600 400 600 1,000 5,000 800 1,400 18,600 Other Income and (Expenses): Interest Expense Total Other Income and (Expenses) Income Before Income Taxes Income Tax Expense Net Income (200) (200) 4,800 1,000 $ 3,800 (600) (600) 18,000 5,000 $13,000 Which of the following is correct regarding a vertical analysis? A. Smith Company has a higher percentage for net income. B. Smith Company has a lower percentage for income tax expense. C. Smith Company has a higher percentage for cost of goods sold. O D. Jones Company has a higher percentage for gross profit