Vertical analysis (common-size) percentages for BlossomCompany’s sales revenue, cost of goods sold, and expenses arelisted here. Vertical Analysis 2017 2016 2015 Sales revenue 100 %100 % 100 % Cost of goods sold 60.8 63.9 66.0 Expenses 25.3 27.029.0 Calculate Blossom’s net income as a percent of sales. (Roundanswers to 1 decimal place, e.g. 5.2.) 2017 2016 2015 Net incomeDid Blossom’s net income as a percent of sales increase, decrease,or remain unchanged over the 3-year period? Blossom’s net income asa percent of sales
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