Solution-Did charless net income as a percent of sales

Did charless net income as a percent of sales increase

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Reference no: EM13571421

Vertical analysis (common size) percentages for Charles Company's sales, cost of goods sold, and expenses are shown below.

Vertical Analysis	2012	2011	2010
Sales	100.0	100.0	100.0
Cost of goods sold	59.2	62.4	64.5
Expenses	25.0	25.6	27.5

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

Reference no: EM13571421

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Did charless net income as a percent of sales increase

Reference no: EM13571421

Reference no: EM13571421

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