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Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) Express the following comparative income statements in common-size
Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) Comparative Income Statements For Years Ended December 31, 2015 and 2014 100 0 Sales Cost Of goods sold Gross profit Operating expenses Net Income 2015 160.000 562,700 197,300 129,200 68,100 100 0 14 0 2014 $ 700,000 286,600 413,400 266.000 s 147,400
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