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Crane, Inc. has the following Income Statement (in millions): Crane, Inc. Income Statement For the Year Ended December 31, 2021 Net Sales $100 Cost of

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Crane, Inc. has the following Income Statement (in millions): Crane, Inc. Income Statement For the Year Ended December 31, 2021 Net Sales $100 Cost of Goods Sold 80 Gross Profit 20 Operating Expenses 10 Net Income $ 10 Using vertical analysis, what percentage is assigned to gross profit? 0 20.0% O 100% O 20% O 80.0%

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