The income statement of Small Town, Inc. is as shown below:

Small Town, Inc. Comparative Income Statement Year Ended December 31, 2025

(In millions)
Net Sales	$7,800
Cost of Goods Sold	4,300
Gross Profit	3,500
Operating Expenses:
Selling Expenses	600
Administrative Expenses	400
Total Operating Expenses	1,000
Operating Income	2,500
Other Income and (Expenses):
Interest Expense	(400)
Total Other Income and (Expenses)	(400)
Income Before Income Taxes	2,100
Income Tax Expense	1,000
Net Income	$1,100

Performing a vertical analysis, what is the percentage of Cost of Goods Sold to Net Sales?