Vertical analysis (common-size) percentages for Austin Company's sales, cost of goods sold, and expenses are listed here. Did Austin Company's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.

Question

Vertical analysis (common-size) percentages for Austin Company's sales, cost of goods sold, and expenses are listed here.  Did Austin Company's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.

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The Answer of Vertical analysis (common-size) percentages for Austin Company's sales, cost of goods sold, and expenses are listed here.  Did Austin Company's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.

Vertical Analysis (Common-Size) Percentages for Austin Company's Sales, Cost of Goods