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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 Sales 755,000 695,000 286,600 408,400 244,400, Cost of goods560,000 sold Gross profit Operating expenses Net income 195,000 128,000 67,000 164,000 Has the company's situation improved in the most recent year? Yes No
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