Common-size and trend percentages for a company's net sales, cost of goods sold, and expenses follow: Net sales Cost of goods sold Expenses 2021 2022 2023 Profit Percentage Profit Common-Size Percentages 2021 100.0% 58.4 13.0 % %6 % 2023 100.0% 64.8 13.5 2922 100.0% 61.7 11.9 Required: a. Calculate the profit percentage for 2021, 2022 and 2023. (Round the final answers to 2 decimal places.) Trend Percentages 2023 2022 108.8% 107.1% 115.6 110.3 109.7 103.7 2021 100.0% 100.0 100.0 b. Determine whether the company's profit Increased, decreased, or remained unchanged during this three-year period.

Common-size and trend percentages for a company's net sales, cost of goods sold, and expenses follow. Required: o. Calculate the profit percentage for 2021, 2022 and 2023. (Round the final answers to 2 decimal pleces.) b. Determine whether the company's profit increased, decreased, or remained unchanged during this three-year period