Salamagundi, Inc Using Vertical Analysis, What Percentage Is Assigned to Net Sales

Salamagundi, Inc. has the following Income Statement (in millions) : SALAMAGUNDI, INC.
Income Statement
For the Year Ended December 31, 2014
$\begin{array}{lr}\text { Net Sales } & \$ 160 \\\text { Cost of Goods Sold } & 90 \\\text { Gross Profit } & 70 \\\text { Operating Expenses } & \$ 40 \\\text { Net Income } & \$ 30\end{array}$ Using vertical analysis, what percentage is assigned to net sales?

A) 150%
B) Can't be computed.
C) 60%
D) 100%