The following common size income statement are available for Viva Corporation for the two years ended December 31, 2026 and 2025: 2026 2025 Sales 100% 100% Cost of Sales 55% 70% Gross profit on sales 45% 30% Operating expenses (incl income tax expense) 20% 18% Net income 25% 12% The trend percentages of gross profit on sales for 2026 is? (with 2025 as base year)

The following common size income statement are available for Viva Corporation for the two years ended December 31, 2026 and 2025: 2026 2025 Sales 100% 100% Cost of Sales 55% 70% Gross profit on sales...

The following common size income statement are available for Viva Corporation for the two years ended December 31, 2026 and 2025:

	2026	2025
Sales	100%	100%
Cost of Sales	55%	70%
Gross profit on sales	45%	30%
Operating expenses (incl income tax expense)	20%	18%
Net income	25%	12%

The trend percentages of gross profit on sales for 2026 is? (with 2025 as base year)

Jun 03, 2022