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4 Express the following comparative Income statements in common-size percents. (Round your percentage answers to 1 decimal place.) 12.5 points GOMEZ CORPORATION Comparative Income Statements

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4 Express the following comparative Income statements in common-size percents. (Round your percentage answers to 1 decimal place.) 12.5 points GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 eBook 2016 Hint Sales Cost of goods sold Gross profit Operating expenses Net income 760,000 568,100 191,900 130,400 S 61,500 $670,000 291,000 379,000 221,600 S 157,400 Print References Has the company's situation improved in the most recent year? O Yes No

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