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Vaughn, Inc. has the following Income Statement (in millions): Vaughn, Inc. Income Statement For the Year Ended December 31, 2017 Net Sales $360 Cost of
Vaughn, Inc. has the following Income Statement (in millions): Vaughn, Inc. Income Statement For the Year Ended December 31, 2017 Net Sales $360 Cost of Goods Sold 200 Gross Profit 160 Operating Expenses 146 Net Income $14 Using vertical analysis, what percentage is assigned to net sales? 360%. Can't be computed. 80%. 100%
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