Clearview Company and Jasmine Corporation are competitors. (Click the icon to view the income statements.) Compare the two companies by converting their condensed income statements to common-size statement higher percentage of its net sales? Explain your answer. C Data table Begin by converting the condensed income statements to common size. (Round your answers to the neare felds.) (in millions) (In millions) Net sales Clearview Jasmine Cost of goods sold Amount Percent Amount Percent Selling and administrative expenses $ 20,000 100.0 $ 6,500 Net sales Cost of goods sold Selling and administrative expenses Interest expense 100.0 % Interest expense 11,740 4,277 % Other expenses 5,560 % 1,261 % Income tax expense 160 % 39 % Net income Other expenses 60 26 % 800 208 Income tax expense % $ 1,680 689 Net income % Clearview $ 20,000 $ Jasmine 6,500 11,740 4,277 PM 185 5,560 1,261 160 39 60 26 800 208 1,680 $ 689 Print Done 4.HDC