Data for McCormick Designs, Inc. follow (Click the icon to view the data) 2017% 100% Read the requirements Years Ended December 31, 2018 and 2017 2018 % Net Sales Revenue 100 % Expenses Cost of Goods Sold % Selling and Administrative Expenses % ho M Other Expenses % Total Expenses % % % % % Net Income Requirement 2. To an investor, how does 2018 compare with 2017? Explain your reasoning. An investor would be with 2018 in comparison with 2017 Cost of goods sold and selling and general expenses-the two largest expenses-consumed percentages of net revenue in 2018 and net income represents a percentage of revenues. Overall, profits are Enter any number in the edit fields and then continue to the next question 1 Data Table h McCormick Designs, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 429,750 $ 374,650 Expenses Cost of Goods Sold 200 250 188,000 Selling and Administrative Expenses 98,000 8,000 95 350 2,000 Other Expenses Total Expenses 306,250 285,350 $ 123,500 $ 89,300 Net Income Print Done 2018 % 2017 % eve Requirements of GO ar Exp 1. Prepare a comparative common-size income statement for McCormick Designs, Inc using the 2018 and 2017 data. Round percentages to one tenth percent 2. To an investor, how does 2018 compare with 2017? Explain your reasoning Exp e Print Done ent 2 or would be with 2018 in comparison with 2017. Cost of goods sold and selling and gene