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Vertical analysis (common-size) percentages for Crane Companys sale revenue, cost of goods sold, and expenses are listed here.

1. Calculate Cranes net income as a percent of sales. (Round answers to 1 decimal place)
2. Did Cranes net income as a percent of sales increase, decrease, or remain unchanged over the 3 year period?

Question 1 Vertical analysis (common-size) percentages for Crane Company's sales revenue, cost of goods sold, and expenses are listed here. Vertical Analysis 2017 2016 2015 Sales revenue 100 % 60.9 Cost of goods sold 100 % 63.9 26.6 100 % 66.4 28.1 Expenses 25.3 (al) Calculate Crane's net income as a percent of sales. (Round answers to 1 decimal place, e.g. 5.2.) 2017 2016 2015 Net income 13.8 9.5 5.5