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Vertical analysis (common-size) percentages for Sandhill Co.'s sales revenue, cost of goods sold, and expenses are listed here.

Vertical Analysis 2017 2016 2015
Sales revenue 100 % 100 % 100 %
Cost of goods sold 61.2 63.6 66.1
Expenses 24.8   27.8   28.7  

Calculate Sandhill's net income as a percent of sales. (Round answers to 1 decimal place, e.g. 5.2.)

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