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 $ 7,900 Cost of Goods Sold 3,700 Gross Profit 4,200 Operating Expenses O A 53.16% B. 22.78% C. 35.44% D. 46.84% Operating Expenses Selling Expenses 600 Administrative Expenses 400 Total Operating Expenses 1,000 Operating Income 3,200 Other Income and (Expenses) Interest Expense (400) Total Other Income and (Expenses) (400) Income Before Income Taxes 2.800 O A. 53.16% DB. 22.78% O C. 35.44% D. 46.84% Operating Income 3,200 Other Income and (Expenses) Interest Expense (400) Total Other Income and (Expenses) (400) Income Before Income Taxes 2.800 1,000 Income Tax Expense $ 1,800 Net Income Performing a vertical analysis, what is the percentage of Gross Profit to Net Sales? A. 53.16% OB 22.78% OC. 35.44% D. 46.84%