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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.

  • Posted: 5 years ago
  • Due: 
  • Budget: $3
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