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Calculate the net income as a percent of sales for each year

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Vertical analysis (common-size) percentages for Palau Company's sales revenue, cost of goods sold, and expenses are as follows.

Vertical Analysis            2020        2019          2018
Sales revenue               100.0%    100.0%   100.0%
Cost of goods sold          55.7           58.8      65.0
Expenses                    21.8               24.4        27.6

Problem 1: Calculate the net income as a percent of sales for each year. (Round answers to 1 decimal place, e.g. 12.5%.)

Reference no: EM132770458

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