What percentage is assigned to cost of goods sold

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Reference no: EM131250419

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

SAIRA, INC.

Income Statement

For the Year Ended December 31, 2014

Net Sales $300

Cost of Goods Sold 180

Gross Profit 120

Operating Expenses 45

Net Income $75

Using vertical analysis, what percentage is assigned to Cost of Goods Sold?

Reference no: EM131250419

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