Vertical Analysis

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

 

61.6

 

 

63.2

 

 

66.3

 

Expenses

 

24.1

 

 

26.0

 

 

29.7

 

 


(Explain )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.

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