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Brief Exercise 12-3 Understand vertical analysis (L012-1) 3 Athletic World reports the following vertical analysis percentages. 071 points 2021 2020 1001 1000 318 238 Solen

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Brief Exercise 12-3 Understand vertical analysis (L012-1) 3 Athletic World reports the following vertical analysis percentages. 071 points 2021 2020 1001 1000 318 238 Solen Cost of goods sold Operating expenses 538 02:51:15 1. Did Athletic World's income before tax as a percentage of sales increase, decrease, or stay the same? Book Increase O Decrease Stay the same 2. If net income as a percentage of sales increases, does that mean net income also increases? Print References Yes ONO moi susu

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