Question: We have experienced significant changes in our financial performance compared to the previous year. Our Cost of Goods Sold as a percentage of sales delete

We have experienced significant changes in our financial performance compared to the previous year.
Our Cost of Goods Sold as a percentage of sales delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in COGS may have occurred.
Our Salaries Expense as a percentage of sales delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in Salaries Expense may have occurred.
Our Freight out as a percentage of sales delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in Freight Out may have occurred.
Our Advertising Expenses as a percentage of sales delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in Advertising may have occurred.
Overall these results delete this and provide a reasonable overall conclusion on the current year results.
2021 2020
Cost of goods sold as a percntage of Sales 55.6% 45.0%
Salaries expense as a percentage of Sales 16.3% 23.7%
Freight out as a Percentage of Sales 4.3% 6.7%
Advertising expense as a Percentage of Sales 1.9% 3.0%
Other expenses* as a Percentage of Sales 4.8% 3.8%
Net Income as a Percentage of Sales 17.0% 16.3%

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