Clearview Company and Alexandra Corporation are competitors. (Click the icon to view the income statements.) Compare the two companies by converting their condensed income statements to common-size statements. Which company earned more net income? Which company's net income was a higher percentage of its net sales? Explain your answer. Begin by converting the condensed income statements to common size. (Round your answers to the nearest one-tenth of a percent, X.X%.) (In millions) Clearview Percent Amount 19,500 Alexandra Amount Percent $ 10,500 0% % 6,930 Net sales Cost of goods sold Selling and administrative expenses Interest expense 11,427 5,421 Other expenses Income tax expense 858 378 Net income 1,735 1,008 Enter any number in the edit fields and then click Check Answer. 0 Data Table Clearview Alexandra 19,500 $ 10,500 11,427 (In millions) Net sales Cost of goods sold Selling and administrative expenses Interest expense Other expenses 6,930 2,121 5,421 20 39 21 Income tax expense 858 378 Net income 1,735 $ 1,008 Print Done