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Express the following comparative income statements in common-size percents. (Round your percentage answers place.) to 1 decimal 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 place.) to 1 decimal GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 S % % $ 740,000 100.0 Sales $625,000 Cost of goods sold 560.300 74.2 290,800 Gross profit 179,700 334,200 Operating expenses 218,500 128,200 Net income 51,500 $115,700 Has the company's situation improved in the most recent year? Yes O No

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