A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto:

McKenzie Sales, Ltd. Comparative Income Statement
	This Year			Last Year
Sales	$	7,360,000		$	5,593,600
Cost of goods sold		4,760,000			3,515,000
Gross margin		2,600,000			2,078,600
Selling and administrative expenses:
Selling expenses		1,379,000			1,078,500
Administrative expenses		709,000			608,500
Total expenses		2,088,000			1,687,000
Net operating income		512,000			391,600
Interest expense		104,000			87,000
Net income before taxes	$	408,000		$	304,600

Members of the companys board of directors are surprised to see that net income increased by only $103,400 when sales increased by $1,766,400.

Required:

1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)

This Year Last Year % % % 0.0 % % 0.0 % Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes % % 0.0 % 0.0 % % % % 0.0 % 0.0 % % 0.0 % 0.0 %