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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

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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 $ % $ % $ 720,000 565,400 Sales Cost of goods sold Gross profit Operating expenses 154,600 129,200 25,400 $ 675,000 286,600 388,400 256,400 $ 132,000 Net income $ Has the company's situation improved in the most recent year? O Yes

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