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Calculate cullumbers net income as a percent of sales round

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

Vertical Analysis - 2017 2016 2015

Sales revenue - 100% 100% 100%

Cost of goods sold 61.9 63.2 66.5

Expenses 25.0 27.1 28.9

Calculate Cullumber's net income as a percent of sales. (Round answers to 1 decimal place, e.g. 5.2.)

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

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Mathematics: Calculate cullumbers net income as a percent of sales round

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Mathematics: Calculate cullumbers net income as a percent of sales round

Reference No:- TGS01562413

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