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.

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