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Did vallejos net income as a percent of sales increase

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Reference no: EM131045800

Vertical analysis (common-size) percentages for Vallejo Company's sales, cost of goods sold, and expenses are listed here.

Vertical Analysis   2012   2011   2010
Sales   100 %   100 %   100 %
Cost of goods sold   60.5     63.9     66.2  
Expenses   25.8     26.0     29.7  

Did Vallejo's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for your answer.

Horizontal analysis (trend analysis) percentages for Spartan Company's sales, cost of goods sold, and expenses are listed here.

Horizontal Analysis   2012   2011   2010
Sales   96.2 %   104.8 %   100.0 %
Cost of goods sold   101.0     98.0     100.0  
Expenses   105.6     95.4     100.0  

Explain whether Spartan's net income increased, decreased, or remained unchanged over the 3-year period.

Reference no: EM131045800

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