Question: Current Attempt in Progress Vertical analysis (common-size) percentages for Crane Company's sales revenue, cost of goods sold, and expenses are as follows. Vertical Analysis

Current Attempt in Progress Vertical analysis (common-size) percentages for Crane Company's sales

Current Attempt in Progress Vertical analysis (common-size) percentages for Crane Company's sales revenue, cost of goods sold, and expenses are as follows. Vertical Analysis 2022 2021 2020 Sales revenue 100.0 % 100.0 % 100.0 % Cost of goods sold 62.7 63.5 66.8 Expenses 24.2 27.5 28.3 (a1) Calculate Crane's net income as a percent of sales. (Round answers to 1 decimal place, e.g. 5.2%.) Net income eTextbook and Media 2022 % 2021 % 2020 % de

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