Vertical analysis (common-size) percentages for Blossom Company's sales revenue, cost of goods sold, and expenses are...

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Vertical analysis (common-size) percentages for Blossom Company's sales revenue, cost of goods sold, and expenses are listed here. Vertical Analysis 2022 2021 Sales revenue Cost of goods sold Expenses Net income 100.0 % 100.0 % 100.0 % 60.8 25.3 63.9 2022 2020 27.0 66.0 Calculate Blossom's net income as a percent of sales. (Round answers to 1 decimal place, e.g. 5.2.) 29.0 2021 Blossom's net income as a percent of sales 2020 Did Blossom's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Vertical analysis (common-size) percentages for Blossom Company's sales revenue, cost of goods sold, and expenses are listed here. Vertical Analysis 2022 2021 Sales revenue Cost of goods sold Expenses Net income 100.0 % 100.0 % 100.0 % 60.8 25.3 63.9 2022 2020 27.0 66.0 Calculate Blossom's net income as a percent of sales. (Round answers to 1 decimal place, e.g. 5.2.) 29.0 2021 Blossom's net income as a percent of sales 2020 Did Blossom's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period?

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