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We have experienced significant changes in our financial performance compared to the previous year. Our Cost of Goods Sold as a percentage of sales delete
| We have experienced significant changes in our financial performance compared to the previous year. | ||||||||||||||||||
| Our Cost of Goods Sold as a percentage of sales | delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in COGS may have occurred. | |||||||||||||||||
| Our Salaries Expense as a percentage of sales | delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in Salaries Expense may have occurred. | |||||||||||||||||
| Our Freight out as a percentage of sales | delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in Freight Out may have occurred. | |||||||||||||||||
| Our Advertising Expenses as a percentage of sales | delete this and provide a reasonable explanation for why 2020/2021 Vertical % change in Advertising may have occurred. | |||||||||||||||||
| Overall these results | delete this and provide a reasonable overall conclusion on the current year results. | |||||||||||||||||
| 2021 | 2020 | |
| Cost of goods sold as a percntage of Sales | 55.6% | 45.0% |
| Salaries expense as a percentage of Sales | 16.3% | 23.7% |
| Freight out as a Percentage of Sales | 4.3% | 6.7% |
| Advertising expense as a Percentage of Sales | 1.9% | 3.0% |
| Other expenses* as a Percentage of Sales | 4.8% | 3.8% |
| Net Income as a Percentage of Sales | 17.0% | 16.3% |
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