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Saira, Inc Using Vertical Analysis, What Percentage Is Assigned to Cost of

question 73

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Saira, Inc.has the following income statement (in millions) : SAIRA, INC.
Income Statement
For the Year Ended December 31, 2017
 Net Sales $300 Cost of Goods Sold 180 Gross Profit 120 Operating Expenses 45 Net Income $75\begin{array}{lr}\text { Net Sales } & \$ 300 \\\text { Cost of Goods Sold } & 180 \\\text { Gross Profit } & 120 \\\text { Operating Expenses } & 45 \\\text { Net Income } & \$ 75\end{array} Using vertical analysis, what percentage is assigned to Cost of Goods Sold?


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