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What percentage is assigned to net sales

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Question - Kingbird, Inc. has the following Income Statement (in millions):

KINGBIRD, INC. Income Statement For the Year Ended December 31, 2023

Net Sales $170

Cost of Goods Sold 100

Gross Profit 700

Operating Expenses 40

Net Income $30

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

Reference no: EM132999487

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