Use the following information for questions. 
-In performing a vertical analysis, the percentage for cost of goods sold is
Definitions:
Equity
The amount of ownership interest in a company, typically represented by the shares held by its shareholders.
Dividends
Payments made to shareholders out of a company's earnings, distributing a portion of the profit to investors as a return on their investment.
Net Income
The company's residual earnings post all expenditures and tax deductions from the gross revenue.
External Transaction
A financial or non-financial exchange between the business and an external party, impacting the financial statements.
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