The vertical analysis statement of Bateman,Inc.is as shown below: 
The figure 47.0% shown for gross profit in 2017 signifies that the gross profit is ________.
Definitions:
Producer Surplus
The difference between the amount that a producer is paid for a good or service and the minimum amount they are willing to accept for it.
Marginal Revenue
The additional income derived from the sale of one more unit of a good or service.
Monopsonist Purchase
The buying activities of a market condition where only one buyer exists, affecting prices and quantities of goods.
Profit Maximizing
The process of adjusting production and sale volumes to achieve the highest possible profit, under given market conditions and constraints.
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