1.)

Campbell Corporation reported the following operating results for two consecutive years: Required a. Compute the percentage changes in Campbell Corporation's income statement components between the two years. (Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place. (.e...234 should be entered as 23.4).) CAMPBELL CORPORATION Income Statements Year 3 Year 2 Percentage Change Sales $ 1,300,000 $ 1,001,500 % Cost of goods sold 799,500 600,900 Gross margin 500,500 400,600 Operating expenses 302,500 198,500 Income before taxes 198,000 202,100 61,900 52,500 Net income (loss) $ 136,100 $ 149,600 Income taxes