Vertical analysis (common-size) percentages for Sandhill Co.'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 |
61.2 |
63.6 |
66.1 |
| Expenses |
24.8 |
|
27.8 |
|
28.7 |
|
Calculate Sandhill's net income as a percent of sales. (Round answers to 1 decimal place, e.g. 5.2.)