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Exercise 13-4 Common-size percent computation and interpretation LO P2 waress the following comparative income statemeints in common-size percents. (Round your percentage answers to 1 place.)

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Exercise 13-4 Common-size percent computation and interpretation LO P2 waress the following comparative income statemeints in common-size percents. (Round your percentage answers to 1 place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31, 2018 and 2017 2018 2017 Sales Cost of goods sold Gross profit Operating expenses Net income S 740,000 560,300 179,700 128,200 $ 625,000 290,800 334,200 218.500 $ 115,700 51, 500 5 118/ 00 Has the company's situation improved in the most recent year? O Yes O No

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