Alyssa's Sporting Goods generated gross profit of $2,550,000 and net sales of $4,090,000 during the year. Operating

Question:

Alyssa's Sporting Goods generated gross profit of $2,550,000 and net sales of $4,090,000 during the year. Operating expenses were $655,000.
Required
Perform a vertical analysis of operating expenses and briefly explain the result. Round percentages to one decimal point (i.e., 12.8%).