Jarrett Company reported the following operating results for two consecutive years.

Required
Express each income statement component for each of the two years as a percentage of sales. Round percentages to one decimalpoint.

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2014 Sales Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net income Sales Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net income Amount Percentage of Sales $125,000 75,000 50,000 15,000 35,000 7,000 $28,000 $150,000 96,000 54,000 16,000 38,000 8,000 $30,000