Common-size and trend percentages for a company's net sales, cost of goods sold, and expenses follow: Common-Size Percen

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Common Size And Trend Percentages For A Company S Net Sales Cost Of Goods Sold And Expenses Follow Common Size Percen 1 (27.06 KiB) Viewed 51 times

Common-size and trend percentages for a company's net sales, cost of goods sold, and expenses follow: Common-Size Percentages Trend Percentages 2020 2018 2020 2019 Net sales 2019 100.0% 100.0% 100.0% 107.7% 2018 100.0% 106.2% Cost of goods sold Expenses 56.4 54.3 50.0 115,4 110.7 100.0 27.0 23.6 25.8 108.1 103.4 100.0 Required: a. Calculate the profit percentage for 2018, 2019 and 2020. (Round the final answers to 2 decimal places.) Profit Percentage 2018 % 2019 % 2020 %