8 of 8 < > View Policies -/15 Current Attempt in Progress Vertical analysis (common-size) percentages for Cullumber Company's sales, cost of goods sold, and expenses are listed here. Vertical Analysis 2023 2022 2021 Sales revenue 100.0 % 100.0 % 100.0 % Cost of goods sold 60.7 62.5 63.8 Operating expenses 26.7 27.7 29.8 Calculate net income as a percentage of sales. (Round answers to 1 decimal place, e.g. 15.2.) Net income 2023 2022 % 2021 Did Cullumber Company's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Net income as a percent of sal remained unchanged Save for Later increased decreased Attempts: 0 of 1 used Submit