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The income statement of Small Town, Inc. is as shown below: A. 50.68% B. 49.32% C. 17.81% D. 31.51% The income statement of Small Town,

The income statement of Small Town, Inc. is as shown below: A. 50.68% B. 49.32% C. 17.81% D. 31.51%

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 Cost of Goods Sold Gross Profit Operating Expenses: 50.68% 49.32% 17.81% O D. 31.51% 7,300 3.600 3,700

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