Bramble, Inc. has the following Income Statement (in millions):
Bramble, Inc. Income Statement For the Year Ended December 31, 2017
Net Sales $330
Cost of Goods Sold 231
Gross Profit 99
Operating Expenses 43
Net Income $56
Requried:
Using vertical analysis, what percentage is assigned to cost of goods sold?
Using Vertical analysis, the rest of the Income statement is described as a percentage of Net sales which means that Net sales is 100% and Cost of Goods sold would be:
