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

Vertical Analysis

2012 2011 2010

Sales 100% 100% 100%

Cost of goods sold 61.2 63.2 65.9

Expenses 24.0 26.0 28.6

Did Vallejo's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.

Question

25 August, 15:51

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Answers (1)

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Nathalie · Answer 1

Cost of goods sold - expenses = net income

do this for each year and compare.