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Common-size and trend percentages for a company's net sales, cost of goods sold, and expenses follow: Cannon-Size Percentages Trend Percentages
2020 2019 2018 2017 2016 2015
Net sales 166.6% 166.6% 166.6% 168.2% 166.8% 166.6%
Cost of goods sold 68.5 65.3 62.5 114.4 116.4 166.6
Expenses 21.2 17.5 19.5 112.6 165.3 166.6
Question a. Calculate the pro?t percentage for 2018, 2019 and 2020. (Round the final answers to 2 decimal places.)
Question b. Determine whether the company's pro?t increased, decreased, or remained unchanged during this three-year period.
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