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Walker Corporation prepared a vertical analysis of its income statement and the following excerpt is available: Sales $1,200,000 Cost of Goods Sold $697.400 Gross Profit

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Walker Corporation prepared a vertical analysis of its income statement and the following excerpt is available: Sales $1,200,000 Cost of Goods Sold $697.400 Gross Profit $502,600 What is the Sales percentage as found on a vertical analysis income statement? O A. 1.72% O B. 58.12% O C. 100% O D. 41.88%

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