Olivera Company Provides the Following Data for the Year 2013

Multiple Choice

Olivera Company provides the following data for the year 2013:
$$\begin{array} { l r } \text { Net sales revenue } & \$ 398,000 \\\text { Cost of goods sold } & \$ 255,000 \\\text { Operating expenses } & \$ 95,000 \\\text { Income tax expense } & \$ 9,000\end{array}$$
- On a vertical analysis, what percentage would be shown for net income?

A) 12.1%
B) 8.8%
C) 9.8%
D) 27.3%