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Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decim place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended

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Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decim place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 $ % $ Sales $ 780,000 $ 625,000 Cost of goods sold 568,100 295,400 Gross profit 211,900 329,600 Operating expenses 128,000 224.000 Net Income $ 83,900 $ 105,600 Has the company's situation improved in the most recent year? Yes No

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