Question: Vertical analysis ( common - size ) percentages for Wildhorse Company's net sales, cost of goods sold, and expenses are listed here.Vertical Analysis 2 0

Vertical analysis (common-size) percentages for Wildhorse Company's net sales, cost of goods sold, and expenses are listed here.Vertical Analysis202720262025Net sales100.0%100.0%1000%Cost of goods sold49.253.856.8Expenses21.223.025.1Calculate the net income as a percent of net sales for each year. (Round answers to 1 decimal place, e.g.12.5%.)202520272026Net income%%%Did Wildhorse's net income as a percent of net sales increase, decrease, or remain unchanged over the 3-year period?

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