2019		2018		2017		2016		2015
Sales	$	556,950	$	368,841	$	290,426	$	200,294	$	146,200
Cost of goods sold		286,545		189,809		151,417		104,100		74,562
Accounts receivable		27,012		21,503		19,836		11,737		10,029

Compute trend percents for the above accounts, using 2015 as the base year.

Trend Percent for Net Sales:
	Choose Numerator:	/	Choose Denominator:
		/		=	Trend percent
2019:		/		=		%
2018:		/		=		%
2017:		/		=		%
2016:		/		=		%
Trend Percent for Cost of Goods Sold:
	Choose Numerator:	/	Choose Denominator:
		/		=	Trend percent
2019:		/		=		%
2018:		/		=		%
2017:		/		=		%
2016:		/		=		%
Trend Percent for Accounts Receivables:
	Choose Numerator:	/	Choose Denominator:
		/		=	Trend percent
2019:		/		=		%
2018:		/		=		%
2017:		/		=		%
2016:		/		=		%

_________________________________________________________________

Express the following comparative income statements in common-size percents. Using the common-size percentages, which item is most responsible for the decline in net income?

Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.)

GOMEZ CORPORATION
Comparative Income Statements
For Years Ended December 31
	Current Year		Prior Year
	$	%	$	%
Sales	$760,000		$695,000
Cost of goods sold	570,800		293,200
Gross profit	189,200		401,800
Operating expenses	130,400		250,400
Net income	$58,800		$151,400

Using the common-size percentages, which item is most responsible for the decline in net income?