Vertical analysis (common-size) percentages for Palau Companys sales revenue, cost of goods sold, and expenses are listed

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Vertical analysis (common-size) percentages for Palau Company’s sales revenue, cost of goods sold, and expenses are listed here. 

Vertical Analysis Sales revenue Cost of goods sold Expenses 2021 2022 2020 100.0% 62.9 26.6 100.0% 60.5 26.0 100.0% 64.8


Did Palau’s net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer

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Related Book For  answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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