By using the vertical analysis what percentage is assigned

Reference no: EM13460817

Blanco, Inc. has the following income statement (in millions):

BLANCO, INC.

Income Statement

For the Year Ended December 31, 2011

Net Sales .............................. $200
Cost of Goods Sold .............................. 120
Gross Profit .............................. 80
Operating Expenses .............................. 44
Net Income .............................. $ 36

Using vertical analysis, what percentage is assigned to Net Income?

Reference no: EM13460817

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