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What percentage is assigned to net income

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Reference no: EM133001550

Question - Marin Inc. has the following income statement (in millions): MARIN INC. Income Statement For the Year Ended December 31, 2023

Net Sales $325

Cost of Goods Sold 200

Gross Profit 125

Operating Expenses 60

Net Income $ 65

Required - Using vertical analysis, what percentage is assigned to net income?

Reference no: EM133001550

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