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Express the following comparative income statements in common-size percents. Note: Round your percentage answers to 1 decimal place. GOMEZ CORPORATION Comparative Income Statements For Years

Express the following comparative income statements in common-size percents. Note: Round your percentage answers to 1 decimal place. GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year $ Current Year % Prior Year $ Prior Year % Sales $775,000 not attempted $680,000 not attempted Cost of goods sold 560,000 not attempted 295,400 not attempted Gross profit 215,000 not attempted 384,600 not attempted Operating expenses 129,200 not attempted 250,400 not attempted Net income $85,800 not attempted $134,200

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