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Express the following comparative Income statements in common-size percent. (Round your percentage answers to 1 decimet plac GOMEZ CORPORATION Comparative Income Statements For Years Ended
Express the following comparative Income statements in common-size percent. (Round your percentage answers to 1 decimet plac 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 $ 740,000 560,300 179,700 128 200 $ 51,500 $625,000 290.000 334 200 218,500 $ 115,700 Has the company's situation improved in the most recent year? Yes No
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