Brief Exercise 9-8 Vertical analysis (common-size) percentages for Palau Company's sales revenue, cost of goods sold, and expenses are listed here. Vertical Analysis 2017 2016 2015 Sales revenue 100 % 100% 100 % Cost of goods sold 60.5 62.9 64,8 Expenses 26 27.5 26.6 Calculate Palau's net income as a percent of sales. (Round answers to 1 decimal pla ce, e.g. 5.2 %.) 2017 2016 2015 Net income % INTERACTIVE TUTORIAL LINK TO TEXT Did Palau's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Palau's net income as a percent of sales Open Show Work Click if you would like to Show Work for this question: INTERACTIVE TUTORIAL LINK TO TEXT