Flag question: Question $34$

Question $342$ pts

Income statement information for Sadie Company is below:

Sales

$$175,000$

Cost of goods sold

$115,000$

Gross profit

$ $60,000$

$$

Using vertical analysis of the income statement for Sadie Company, determine the gross profit margin.

Group of answer choices

$100\%$

$66\%$

$34\%$

$29\%$