Using the following information from an annual report, prepare a vertical analysis of the consolidated statement of earnings for the fiscal year ended June 30, 2009. (Round percentage answers to one decimal place.

(In millions)

Net sales $11,862

Cost of sales 8,321

Gross margin $ 3,541

Selling, general, and administrative expenses $ 2,743

Depreciation, amortization, and asset write-offs 278

Total operating expenses $ 3,021

Income from operations $ 520

Interest expense (91)

Interest and other income 11

Earnings before income taxes $ 440

Income taxes 161

Net earnings $ 279 (suppose to have double line underneath $279)