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Common-size and trend percentages for a companys net sales, cost of goods sold, and expenses follow: Common-Size Percentages Trend Percentages 2017 2016 2015 2017 2016

Common-size and trend percentages for a companys net sales, cost of goods sold, and expenses follow:

Common-Size Percentages

Trend Percentages

2017 2016 2015 2017 2016 2015
Net sales 100.0 % 100.0 % 100.0 % 108.1 % 106.5 % 100.0 %
Cost of goods sold 57.9 54.8 51.6 115.9 112.0 100.0
Expenses 24.1 21.9 22.4 111.9 104.8 100.0

Required: a. Calculate the profit percentage for 2015, 2016 and 2017. (Round the final answers to 2 decimal places.)

Profit Percentage
2015 %
2016 %
2017 %

b. Determine whether the companys profit increased, decreased, or remained unchanged during this three-year period.

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