Vaughn, Inc has the following income statement (in millions): Vaughn, Inc. Income Statement For the Year Ended December 31, 2019 Net Sales $300 Cost of Goods Sold 189.0 Gross Profit 111.0 50 Operating Expenses Net Income $61.0 Using vertical analysis, what percentage is assigned to Cost of Goods Sold? e 37% O 63% 100% None of these answer choices are correct