The following condensed income statement is for Boston Inc.

Boston Inc.
Income Statement
Years ended December 31, 2017 and 2016
(in thousands)
	2017	2016
Net sales	$ 25,000	$18,000
Cost of goods sold	13,000	9,000
Gross margin	12,000	9,000
Selling and administrative expenses	3,000	2,000
Operating income	9,000	7,000
Other expense, net	300	200
Income before taxes	8,700	6,800
Income tax expense	800	400
Net income	$ 7,900	$ 6,400

Required: Prepare a trend analysis of the income statements from 2016 to 2017. (Round percent computations to one decimal place.)