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

McKenzie Sales, Ltd. Comparative Income Statement
	This Year			Last Year
Sales	$	7,340,000		$	5,578,400
Cost of goods sold		4,740,000			3,509,000
Gross margin		2,600,000			2,069,400
Selling and administrative expenses:
Selling expenses		1,371,000			1,080,500
Administrative expenses		710,500			612,000
Total expenses		2,081,500			1,692,500
Net operating income		518,500			376,900
Interest expense		104,000			86,000
Net income before taxes	$	414,500		$	290,900

Members of the companys board of directors are surprised to see that net income increased by only $123,600 when sales increased by $1,761,600.

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 %