Question: Current Attempt in Progress Vertical analysis (common-size) percentages for Sunland 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 Sunland 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 49.1 51.4 54.7 Expenses 23.1 24.9 26.4 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 Sunland's net income as a percent of net sales increase, decrease, or remain unchanged over the 3-year period?
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