Exercise 17-4 Common-size percent computation and interpretation LO P2 Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31, 2017 and 2016 2016 2017 $ % $ % $ 725,000 $ 655,000 568,100 Sales Cost of goods sold Gross profit Operating expenses Net income 156,900 129,200 27,700 297,600 357,400 272,000 $ 85,400 $ Has the company's situation improved in the most recent year? O Yes