Exercise 13-4 Common-size percent computation and interpretation LO P2 Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decil place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 $ Sales Cost of goods sold Gross profit Operating expenses Net income $ 790,000 565,400 224,600 128,000 $ 96,600 $ 695,000 282,200 412,800 260,000 $ 152,800 Has the company's situation improved in the most recent year? Yes Ono