View Policies Current Attempt in Progress Oriole Corporation, Inc. has the following income statement (in millions): Oriole Corporation, Inc. Income Statement For the Year Ended December 31, 2017 Net Sales $270 Cost of Goods Sold 108 Gross Profit 162 Operating Expenses 40 Net Income $ 122 Using vertical analysis, what percentage is assigned to cost of goods sold? 60.0% 40% O 100% O 50%