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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 $ % % S 740,000 $625,000 Sales Cost of goods sold 560,300 290,800 179,700 334,200 Gross profit 218,500 128,200 Operating expenses $ 51,500 $115,700 Net income s Has the company's situation improved in the most recent year? OYes O No Next > 6 of 8

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