Compare the two companies by converting their condensed income statements to common-size statements. Which company earned more net incomo? 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-tuinth of a percent, XX%) (In millions) Clementine Alexa Amount Percent Amount Percent 15.500 Net sales 6,500 % Cost of goods sold 9,145 4,433 % Selling and administrative expenses 4.309 % 728 % Interest expense % 52 % Other expenses 52 % 52 620 156 Income tax expense $ 1,348 1,079 Net income 16 % 1 Data Table Clementine 15,500 5 Alexa 6,500 4,433 9,145 4,309 728 (In millions) Net sales Cost of goods sold Selling and administrative expenses Interest expense Other expenses Income tax expense Net income 16 52 52 62 620 156 1,348 S 1.079 Print Done