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. Data table Begin by converting the condensed income statements to common size. (Round your answers to the nearest one-tenth of a percen ... 1........ (In millions) Perry Alexandra Percent (In millions) Percent Amount $ 18,000 Amount $ 7,000 Perry Alexandra 18,000 $ 7,000 $ % % Net sales % 10,584 Net sales Cost of goods sold Selling and administrative expenses 4,760 4,760 10,584 5,184 36 % 5,184 798 % 798 Cost of goods sold Selling and administrative expenses Interest expense Other expenses Interest expense % 28 28 36 % 14 Other expenses 90 % 14 % 90 648 648 224 Income tax expense 224 Income tax expense % % % 1,458 $ $ 1,176 1,176 $ 1,458 $ Net income % % Net income