A partial common-size income statement for Jag Company for three years is shown below. Net sales...

 

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A partial common-size income statement for Jag Company for three years is shown below. Net sales Item 2019 2018 2017 100.0 100.0 100.0 60.5 63.0 62.5 21.0 19.0 20.5 Cost of goods sold Other expenses Did Jag's net income as a percentage of net sales increase, remain the same, or decrease over the three-year period? A partial common-size income statement for Jag Company for three years is shown below. Net sales Item 2019 2018 2017 100.0 100.0 100.0 60.5 63.0 62.5 21.0 19.0 20.5 Cost of goods sold Other expenses Did Jag's net income as a percentage of net sales increase, remain the same, or decrease over the three-year period?

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Jags net income as a percentage of net sales decreas... View the full answer