Olivera Inc.provides the following data for the year 2015: 
On vertical analysis report,the gross profit as a percentage of net sales will be ________.
Definitions:
Bylaws or Regulations
Rules or laws established by an organization or community to regulate its actions and enforce standards.
Annual Shareholders Meeting
A yearly gathering of the shareholders of a company to discuss its performance, elect the board of directors, and make decisions on other corporate matters.
Operating Agreement
A legal document outlining the governance and operational guidelines of an LLC, including the rights and responsibilities of its members.
Voting Rights
The entitlements of shareholders or members of an organization to vote on matters affecting the governance of that entity.
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