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

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.)

Compare the two companies by converting their condensed income statements to common-size statements. Which company earned more Begin by converting the condensed income statements to common size (Round your answers to the nearest one-tenth of a percent, XX% (In millions) Kent Louisa Data ta Amount Percent Amount Percent Net sales $ 16,500 $ 7,000 % Cost of goods sold 9,669 96 4,662 % (In milli Selling and administrative expenses 4587 96 1,358 Net sale Interest expense 33 96 28 % Cost of Other expenses 50 % 56 %. 726 Selling Income tax expense % 168 % Interest $ 1,435 $ 728 Net income Othere RRRR se se se Income Net inco Die uie symbol in any of the input fields.) Data table (In millions) Kent Louisa 16,500 $ 7.000 Net sales 9,669 4,662 4.587 1.358 Cost of goods sold Selling and administrative expenses Interest expense Other expenses Income tax expense 33 28 50 726 56 168 $ 1,435 S 728 Net income