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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 2017 2016 %24 24 Sales $ 780,000 $ 660,000 299,800 Cost of goods sold 568,100 Gross profit 211,900 360,200 Operating expenses 130,400 255,200 $ 81,500 Net income $ 105,000 Has the company's situation improved in the most recent year? Yes O No
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