Horroontal Analyin of the Income Statement Income statement data for Winthrop Company for two recent vears ended December 3t, are as follows: to ane decimat place. b. The net income for Winthrop Compary increased between years. This increase was ste combined result of an pertorititge in cost of ooods sold. The cost of gocds sold increased at a incrase in orosk profit to be than the percentage ingease in sales