Question: Vertical analysis (common size) percentages for Osborne Hot Dogs sales, cost of goods sold, and expenses are as follows: Did Osbornes net income as a

Vertical analysis (common size) percentages for Osborne Hot Dogsâ€™ sales, cost of goods sold, and expenses are as follows:

Did Osborneâ€™s net income as a percent of sales increase, decrease, or remain unchanged over the three-year period? Provide numerical support for youranswer.

Vertical Analysis Sales Cost of goods sold Expenses 2007 100.0 59.2 25.0 2006 100.0 62.4 26.6 2005 00.0 64.5 27.5

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