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Accounting

Will rate response, thank you!
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The income statement of Small Town, Inc. is as shown below: Small Town, Inc. Comparative Income Statement Year Ended December 31, 2025 (In millions) Net Sales $ 7,700 3,400 Cost of Goods Sold Gross Profit 4,300 Operating Expenses: O A. 37.66% B. 24.68% C. 44.16% D. 55.84% Operating Expenses: Selling Expenses 600 Administrative Expenses 400 Total Operating Expenses 1,000 Operating Income 3,300 Other Income and (Expenses): Interest Expense (400) (400) Total Other Income and (Expenses) innom. Dnfor Inanma Tavan on O A. 37.66% O B. 24.68% O C. 44.16% OD. 55.84% 3,300 (400) Operating Income Other Income and (Expenses): interest Expense Total Other Income and (Expenses) Income Before Income Taxes Income Tax Expense (400) 2,900 1,000 $ 1,900 Net Income Performing a vertical analysis, what is the percentage of Income Before Income Taxes to Net Sales? A. 37.66% B. 24.68% C. 44.16% D. 55.84%

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