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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, 2015 and 2014 2015 2014 Sales Cost of goods sold Gross profit Operating expenses Net income $ 755,000 560,000 195,000 130,400 $ 64,600 $635,000 293,200 341,800 234,800 $107,000 as the company's situation improved in the most recent year O Yes O No
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