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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 % 100.0 Sales Cost of goods sold Gross profit Operating expenses Net income 2017 $ $ 785,000 565,400 219,600 129,200 $ 90,400 2016 % $ 100.00 $ 645,000 | 282,200 362,800 226,400 $ 136,400 Has the company's situation improved in the most recent year? Yes O NoStep by Step Solution
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