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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 decima

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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 decima place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 $ 645,000 284,400 360,600 276,800 $ 83,800 735,000 Sales Con Cost of goods sold Gross proft Operating expenses Net income 565,400 169,600 128,000 $ 41,600 Has the company's situation improved in the most recent year

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