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What percentage would be shown for net income

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Olivera Company provides the following data for the year 2021:

Sales revenue                           $600,000

Sales returns and allowances          $1,200

Sales discounts                               $800

Cost of goods sold                     $365,000

Operating expenses                     $95,000

Income tax expense                     $18,000

Question 1: On a vertical analysis, what percentage would be shown for net income? Round to one decimal place.

Reference no: EM132591915

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