week 10
Larkspur, Inc. has the following Income Statement (in millions):

LARKSPUR, INC. Income Statement For the Year Ended December 31, 2023
Net Sales	$183
Cost of Goods Sold	114
Gross Profit	69
Operating Expenses	40
Net Income	$  29

Using vertical analysis, what percentage is assigned to net sales?

Can’t be computed
 

61%

100%

161%