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philie1
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 | 60.3 | 63.7 | 65.2 | ||||||
Expenses | 25.4 |
| 27.2 |
| 28.1 |
|
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.
- 9 years ago
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