25) 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, 2017 and 2016

2017 2016

$ % $ %

Sales $725,000 $670,000

Cosy of goods sold $565,400 $280,000

Gross profit $159,600 $390,000

Operating expenses $128,000 $236,000

Net Income $31,600 $154,000

Has the company's situation improved in the most recent year?

• Yes

• No