From Chapter 5, Extracts for Zeddy Company's quarterly income statements and balance sheets for quarters 1-4 are as follows:

Q1 Q2 Q3 Q4

$ $ $ $

Sales 200,000 150,000 100,000 75,000

Selling & Admin Expenses 50,000 37,000 25,000 19,000

1. Calculate selling and administrative expenses as a percentage of sales for quarters 1-4 and comment on the results.