Dyer Corporation reported the following operating results for two consecutive years.

Required
a. Compute the percentage changes in Dyer Corporation€™s income statement components for the two years. Round percentages to one decimal point.
b. Comment on apparent trends revealed by the percentage changes computed in Requirementa.

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2015 2014 Percentage Change Sales Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net income $275,000 $250,000 163,800 111,200 43,700 67,500 17,000 50,500 156,000 94,000 38.000 56,000 12,000 44,000