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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

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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 December 31, 2017 and 2016 2017 2016 % $ Sales $ 745,000 $ 665,000 Cost of goods sold 562,700 286,600 Gross profit 182,300 378,400 Operating expenses 130,400 263,600 Net income $ 51,900 $ 114,800 Has the company's situation improved in the most recent year? Yes No

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