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Wally inc's Income Statement refiects the following for the year ending December 31. 2021: Year Ended December 31, 2021 Using vertical analysis, what percentage of

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Wally inc's Income Statement refiects the following for the year ending December 31. 2021: Year Ended December 31, 2021 Using vertical analysis, what percentage of net sales is represented by net income? Put another way: what is profit margin? (Hint: Profit margin = Net income/Net Sales) 6% 10% 47% 67%

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