Did osbornes net income as a percent of sales increase

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Vertical analysis (common size) percentages for Osborne Hot Dogs' sales, cost of goods sold, and expenses are as follows:

Vertical  Analysis

2007

2006

2005

Sales

100.0

100.0

100.0

Cost of goods sold

59.2

62.4

64.5

Expenses

25.0

26.6

27.5

Did Osborne's net income as a percent of sales increase, decrease, or remain unchanged over the three-year period? Provide numerical support for your answer.

Reference no: EM13575824

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