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Check my work 2 Express the following comparative income statements in common-size percents. Using the common-size percentages, which item is most responsible for the decline
Check my work 2 Express the following comparative income statements in common-size percents. Using the common-size percentages, which item is most responsible for the decline in net income? 14.28 points Skipped Income Reason for Statement Decline in Net Income Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) eBook GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Prior Year $ % $ % Hint Sales Print Cost of goods sold Gross profit Operating expenses $ 755,000 562,700 192,300 130,400 $ 61,900 $625,000 284,400 340,600 275,600 $ 65,000 References Income Statement Reason for Decline in Net Income >
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