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The vertical analysis of the income statement shows 55% for Cost of Goods Sold in 2024 and 60% for Cost of Goods Sold in 2025.

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The vertical analysis of the income statement shows 55% for Cost of Goods Sold in 2024 and 60% for Cost of Goods Sold in 2025. This means O A gross profit as a percentage will certainly increase OB. not income as a percentage will certainly increase O c. gross profit as a percentage will certainly decrease OD. net income as a percentage will certainly decrease

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