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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 profit Operating expenses Net income $ $ 750,000 565,400 184,600 129,200 $ 55,400 $675,000 284,400 390,600 273,200 $ 117,400 Has the company's situation improved in the most recent year? O Yes
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