Common size and trend percents for Aziz Company’s sales, cost of goods sold, and expenses follow.
Determine whether net income increased, decreased, or remained unchanged in this three year period.
|
|
Common Size Percents |
Trend Percents |
||||
|
|
2012 |
2011 |
2010 |
2012 |
2011 |
2010 |
|
Sales |
100.0% |
100.0% |
100.0% |
104.4% |
103.2% |
100.0% |
|
Cost of goods sold |
62.4 |
60.9 |
58.1 |
102.0 |
108.1 |
100.0 |
|
Total expenses |
14.3 |
13.8 |
14.1 |
105.9 |
101.0 |
100.0 |