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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 Sales Cost of goods sold Gross profit Operating expenses Net income S 740,000 560,300 179 700 128 200 S 51,500 $625,000 290,800 334 200 218,500 $ 115.700 Has the company's situation improved in the most recent year? O Yes O No

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