The A-1 Sign Company has net sales of $247,000, cost of goods sold of $109,000, gross profit of $138,000, total operating expenses of $62,500, and net income of $75,500. Rounded to the nearest tenth of a percent, what would the vertical analysis of the income statement have for gross profit?

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The Answer of The A-1 Sign Company has net sales of $247,000, cost of goods sold of $109,000, gross profit of $138,000, total operating expenses of $62,500, and net income of $75,500. Rounded to the nearest tenth of a percent, what would the vertical analysis of the income statement have for gross profit?

The A-1 Sign Company Has Net Sales of $247,000, Cost