Compare Reno Pro Corp. and Away Inc. (Click the icon to view the income statement information.) 1. Convert their income statements to common size. 2. Which company earns more net income? 3. Which company's net income is a higher percentage of its net sales? 1. Convert their income statements to common size. (Round all percentages to one decimal place, X.X%.) RenoPro Corp. and Away Inc. Common-Size Income Statements RenoPro Corp. Away Inc. % % Net sales Cost of goods sold Other expenses Net income 2. Which company earns (Click the icon to view the income statement information.) 1. Convert their income statements to common size. 2. Which company earns more net income? 3. Which company's net income is a higher percentage of its net sales? RenoPro Corp. Away Inc. % Net sales Cost of goods sold Other expenses Net income 2. Which company earns more net income? V earns more net income. 3. Which company's net income is a higher percentage of its net sales? net income is a higher percentage of net sales. X Income statement information Net sales 5 (Amounts in thousands) RenoPro Corp Away Inc. 25,000 $ 85,000 17.000 34,000 6.700 47,600 Cost of goods sold Other expenses Net income 1.300 $ 3.400