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Vertical analysis percentages for kochheim companys sales

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Exercise-

Vertical analysis (common size) percentages for Kochheim Company's sales, cost of goods sold, and expenses are shown below.

Vertical Analysis

2015

2014

2013

Sales

100.0

100.0

100.0

Cost of goods sold

49.6

53.0

55.4

Expenses

18.0

18.3

20.7

(a) Calculate net income.

(b) Did Kochheim's net income as a percent of sales increase, decrease, or remain unchanged over the 3-year period?

Reference no: EM131812600

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