Req A Req B Req C Req D and E d. ASC's gross margin percentage in Year 1 was 20 percent. Based on the common size data in the income statement, did ASC raise or lower its prices in Year 2 (Appendix)? e. Assuming a 10 percent rate of growth, what is the amount of net income expected for Year 3? d. Sales prices e. Net income < Req C Req D and E