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

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

Current Attempt in Progress Vertical analysis (common-size) percentages for Crane Company's net sales, cost of goods sold, and expenses are listed here. Vertical Analysis 2022 2021 2025 Net sales 100.0 % 100.0 % 100.0 % Cost of goods sold 48.4 56.8 59.0 Expenses 19.0 23.4 24.8 Calculate the net income as a percent of net sales for each year. (Round answers to 1 decimal place, e.g. 12.5%.) Net income 2022 % 2021 % 2025 % Did Crane's net income as a percent of net sales increase, decrease, or remain unchanged over the 3-year period? eTextbook and Media

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