#1Did Vallejos net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer

#2Explain whether Spartans net income increased, decreased, or remained unchanged over the 3-year period

#1 Vertical analysis (common-size) percentages for Vallejo Company's sales, cost of goods sold, and expenses are listed here. Vertical Analysis 2012 2011 2010 Sales 100% 100% 100% Cost of goods sold 60.2 64 66.2 Expenses 24.6 27.3 29 #2 Horizontal analysis (trend analysis) percentages for Spartan Company's sales, cost of goods sold, and expenses are listed here Horizontal Analysis 2012 2011 2010 Sales 96.20% 104.80% 100% Cost of goods sold 101 98 100 Expenses 105.6 95.4 100