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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
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 2017 2016 Sales Cost of goods sold Gross proft Operating expenses Net income $ 725,000 560,000 165,000 128,000 $ 37,000 $ 660,000 291,000 369,000 276,800 $ 92,200 Has the company's situation improved in the most recent year? O Yes O No K Prev 2 of 4 Next >
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