Question

Vertical analysis (common-size) percentages for Capuano Company’s sales, cost of goods sold, and expenses are listed here.

sales revenue 2014-100% 2013-100% 2012-100%
cost of goods sold 2014-60.5% 2013-62.9% 2012-64.8%
expenses 2014-26% 2013-26.6% 2012-27.5%

Calculate Capuano’s net income as a percent of sales. for 2014, 2013, 2012