2. Horizontal Analysis of the Income Statement (Pg. 3) T> Rank the following items in terms of which had the largest % increase from Fiscal 2015 to Fiscal 2016. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc. Net Sales Operating Income Net Earnings Cost of Sales 2-Rank the following items in terms of which had the largest % increase from Fiscal 2016 to Fiscal 2017. Place a "1" in the box of the largest, a "2" in the box of the second largest, etc Net Earnings Net Sales Cost of Sales Operating Income True or False? In terms of % Change, Basic Earnings Per Share grew more than Net Earnings from Fiscal 2016 to Fiscal 2017. ("x" only one answer ] True False 4> True or False? In terms of % Change, from Fiscal 2016 to Fiscal 2017 Total Operating Expenses increased more than Net Sales. ["x" only one answer True False 5s True or False? In terms of % Change, Cost of Sales had a smaller increase than Net Sales from Fiscal 2016 to Fiscal 2017 []True False ["X" only one answer]