Clementine Company and Jakes 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$\%.$ Do not enter

the $\%$ symbol in any of the input fields.$)$

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