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Tl Mountain Inc. has the following Income Statement (in millions): TEAL MOUNTAIN INC. Income Statement For the Year Ended December 31, 2017 Net Sales Cost

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Tl Mountain Inc. has the following Income Statement (in millions): TEAL MOUNTAIN INC. Income Statement For the Year Ended December 31, 2017 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income $178 107 71 43 $ 28 Using vertical analysis, what percentage is assigned to gross profit? (D 10090 66% 60.1% 39.9%

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