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Compute common-size percents for the following comparative income statements spanning 2 years. Sales Comparative Income Statements Cost of goods sold Gross profit Net income

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Compute common-size percents for the following comparative income statements spanning 2 years. Sales Comparative Income Statements Cost of goods sold Gross profit Net income Operating expenses Sales Cost of goods sold Gross profit Operating expenses Net income For Years Ended December 31 Current Year $ 1,390,000 917,400 Prior Year $ 1,190,000 761,600 472,600 347,500 $ 125,100 428,400 309,400 $ 119,000 Comparative Income Statements For Years Ended December 31 Current Year $ EA 6A $ Prior Year $ 1,390,000 percent $ percent $ 1,190,000 917,400 472,600 761,600 428,400 347,500 309,400 125,100 $ 119,000

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