Vertical analysis (common size) percentages for Dagman Companys sales revenue, cost of goods sold, and expenses are shown below Did Dagmans net income as a percentage of sales increase, decrease, or remain unchanged over the 3 year period Provide numerical support for your answer 2018 Vertical Anal...

2020 2019 2018 Sales revenue Cost of goods sold Expenses Ne ...

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

Question:

Vertical analysis (common size) percentages for Dagman Company’s sales revenue, cost of goods sold, and expenses are shown below. 2018 Vertical Analysis Sales revenue Cost of goods sold Expenses 2020 2019 100.0 100.0 100.0 64.5 27.5 59.2 62.4 25.0 25

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

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