Selected data (in thousands) from the income statement of JTI Inc. are shown below. Using vertical analysis, calculate the percentage of the base amount for the current year.
Net sales .................................................... $1,934
Cost of goods sold .......................................... 1,612
Gross profit .................................................... 322
Operating expenses ........................................... 218
Profit before income tax ..................................... 104
Income tax expense ............................................ 31
Profit ........................................................... $73