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

Question:

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

Vertical Analysis 2014 2013 2012 Sales 100.0 100.0 100.0 Cost of goods sold BOR 62.4 64.5 Expenses 25.0) 25.6 PIGS Did Dagman’s net income as a percentage of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.

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