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Athletic World reports the following vertical analysis percentages. Sales Cost of goods sold Operating expenses 2021 100% 37% 47% 2020 100% 36% 51% 1. Did

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Athletic World reports the following vertical analysis percentages. Sales Cost of goods sold Operating expenses 2021 100% 37% 47% 2020 100% 36% 51% 1. Did Athletic World's income before tax as a percentage of sales increase, decrease, or stay the same? O Increase Decrease O Stay the same 2. If net income as a percentage of sales increases, does that mean net income also increases? Yes O No

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