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22 Common-size and trend percentages for a company's net sales, cost of goods sold, and expenses follow: Common-Size Percentages Trend Percentages 2023 20221 2021 2023
22 Common-size and trend percentages for a company's net sales, cost of goods sold, and expenses follow: Common-Size Percentages Trend Percentages 2023 20221 2021 2023 2022 2021 Net sales 100.0% 100.0% 100.0% 108.ex 106.5% 100.0% Cost of goods sold 54.0 52.1 48.6 Expenses 22.3 20.0 21.7 117.1 110.5 111.4 100.0 104.6 100.0 12 points 01:17.56 Required: a. Calculate the profit percentage for 2021, 2022 and 2023. (Round the final answers to 2 decimal places.) Profit Percentage 2021 % 2022 % 2023 %
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