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Calculate the percentage growth in net sales from 2015 to2016. Compare this with the percentage change in total assets forthe same period. What do these

Calculate the percentage growth in net sales from 2015 to2016. Compare this with the percentage change in total assets forthe same period. What do these numbers suggest? CASTILLO PRODUCTS COMPANY \( \begin{array}{lrr}\text { Inceme Statement } & 2015 & 2016 \\ \text { Net Sales } & \$ 900,000 & \$ 1,500,000 \\ \text { Cost of Goods Sold } & 540,000 & 900,000 \\ \quad 2 answers

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