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(Solved): Tamarisk, Inc. Has The Following Income Statement (in Millions): $520 TAMARISK, INC. Income Statemen...

Tamarisk, Inc. has the following income statement (in millions): $520 TAMARISK, INC. Income Statement For the Year Ended Dece

Tamarisk, Inc. has the following income statement (in millions): $520 TAMARISK, INC. Income Statement For the Year Ended December 31, 2023 Net Sales Cost of Goods Sold 416 Gross Profit Operating Expenses Net Income $ 34 104 70 Using vertical analysis, what percentage is assigned to cost of goods sold? 80% 100% 50% 36%

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