Vertical analysis (common-size) percentages for Crane Company's net sales, cost of goods sold, and expenses are listed here. Vertical Analysis Net sales Cost of goods sold Expenses 2022 Net income 55.5 100.0 % 100.0 % 100.0 % 19.8 2021 2022 58.5 22.5 2020 Calculate the net income as a percent of sales for each year. (Round answers to 1 decimal place, e.g. 12.5%.) % 63.6 25.5 2021 % 2020 % Did Crane's net income as a percent of net sales increase, decrease, or remain unchanged over the 3-year period?

Vertical analysis (common-size) percentages for Crane Company's net sales, cost of goods sold, and expenses are listed here. Calculate the net income as a percent of sales for each year. (Round answers to 1 decimal place, eg. 12.5\%) Did Crane's net income as a percent of net sales increase, decrease, or remain unchanged over the 3 -year period