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 Cost of Goods Sold 4,100 Gross Profit 3,600 Operating Expenses: Selling Expenses 600 Administrative Expenses 400 Total Operating Expenses 1,000 Operating Income 2,600 Other Income and (Expenses): Interest Expense (400) Total Other Income and (Expenses) (400) Income Before Income Taxes 2,200 Income Tax Expense 1,000 Net Income $1,200 Performing a vertical​ analysis, what is the percentage of Cost of Goods Sold to Net​ Sales? A. 53.25​% B. 28.57​% C. 15.58​% D. 46.75​%