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Calculate the common-size percentages for the following income statement: (Click the icon to view the income statement.) (Round your answers to the nearest whole percentage,

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Calculate the common-size percentages for the following income statement: (Click the icon to view the income statement.) (Round your answers to the nearest whole percentage, X%. Do not enter the % sign into the input fields.) Common-sized % Data table Net sales % Cost of goods sold % % Gross profit Net sales 350,000 157,500 % Cost of goods sold Operating expense Operating income Gross profit % 192,500 101,500 Income tax expense % Operating expense Operating income Net income % 91,000 24,500 Income tax expense 66,500 Net income Print Done

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