Wayne Co.. has the following income statement (in millions): 37.5% 100.0% Using vertical analysis, what percentage is assigned to net income? 90.4% Wayne Co. Income Statement For the Year Ended December 31, 2023 9.6% Net Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income $240 150 90 65 $25 3.

Wayne Co.. has the following income statement (in millions): Wayne Income Stat For the Year Ended De Using vertical analysis, what percentage is assigned to net income? 37.5% 100.0% 90.4% 9.6%