Assignment 11- Ch 17 i 2 20 points Skipped Print Common-size and trend percentages for a company's net sales, cost of goods sold, and expenses follow: Common Size Percentages 2023 2022 2021 100.0% 100.0% 100.0% 66.7 63.6 16.6 18.9 Net sales Cost of goods sold Expenses 2021 2022 2023 Profit Percentage % % Saved % Trend Percentages 2022 107.1% 111.4 104.5 2023 108.6% 60.7 116.7 18.6 111.1 Required: a. Calculate the profit percentage for 2021, 2022 and 2023. (Round the final answers to 2 decimal places.) 2021 100.0% 100.0 100.0

Common-size and trend percentages for a company's net sales, cost of goods sold, and expenses follow: Required: a. Calculate the profit percentage for 2021, 2022 and 2023. (Round the final answers to 2 decimal places.) b. Determine whether the company's profit increased, decreased, or remained unchanged during this three-year period