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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 % $ % $ $ 730,000 570.800 Sales Cost of goods sold Gross profit Operating expenses Net income 159,200 129,200 30.000 $ 660,000 280,000 380.000 221.600 $ 158,400 $ Has the company's situation improved in the most recent year
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