Are sales increasingly profitable?

Link to find Sec 10-K: https://www.sec.gov/ix?doc=/Archives/edgar/data/80424/000008042423000073/pg-20230630.htm

Using vertical analysis (show your calculations), present the following values for this year and last year:

a) gross profit margin

b) net profit margin (use the last “net income” line on the statement)

c) Comment on changes:

Are sales increasingly profitable?
How are gross profit and net income changing, as dollar values?
2. Conduct a Vertical Analysis on any two items of the Balance Sheet and comment on your results. You cannot count the base item as one of the two accounts.

Note: The base (100%) can be either Total Assets or Total Liabilities & Stockholders’ Equity. This is based on the accounting equation A =L + SE

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