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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 Current Year Prior Year $ % Sales $750,000 100.0 Cost of goods sold 565,400 184,600 % $ $ 100.0 665,000 75.7 X 297,600 24.3 X 367,400 17.3 278,000 $ 89,400 Gross profit Operating expenses 128,000 $ 56,600 Net income

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