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Vertical analysis (common size) percentages for Osborne Hot Dogs sales, cost of goods sold, and expenses are as follows:Vertical Analysis200720062005Sales100.0100.0100.0Cost of goods sold59.262.464.5Expenses25.026.627.5Did Osbornes net income as a percent of sales increase, decrease, or remain unchanged over the three-year period? Provide numerical support for your answer.
For making the Vertical Analysis, we have taken the Sales Values as 100% for all the three years and then calculating the % of other sub categories of income statement. % Value = Value of Subcategory/ Sales Vertical Analysis 2007 2006 2005 Sales 100% 100% 100% Cost of goods sold 59.20% 62.40% 64.50% Expenses…

25% 26.60% 27.50% Net Income Sales – Cost of Goods sold – Expenses Net Income 15.800% 11.000% 8.000% So we can see that Net income as a percentage of Sales has increased from 8.00% in 2005 to 15.80% in 2007.

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