Common-size and trend percentages for b. Determine whether the company's profit increased, decreased, or remained unchanged during this three-year period.
Common-size and trend percentages for a company's net sales, cost of goods sold, and expenses follow:
Common-Size Percentages 2020 2019 2018
100.0% 100.0% 100.0%
68.5 65.3 62.5
21.2 17.5 19.5
Trend Percentages 2020 2019 2018
108.2% 106.8% 100.0%
114.4 110.4 100.0
112.6 105.3 100.0
Net sales Cost of goods sold Expenses
Required: a. Calculate the profit percentage for 2018, 2019, and 2020. (Round the final answers to 2 decimal places.)
Profit Percentage % % %
2018 2019 2020