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Express the following comparative income statements in common-size percents Using the common size percentages, which item is most responsible for the decline in net income?
Express the following comparative income statements in common-size percents Using the common size percentages, which item is most responsible for the decline in net income? Income Reason for Statement Decline in Net Income Express the following comparative Income statements in common-stre percents (Round your percentage answers to 1 dedmal place.) GOMEZ CORPORATION Comparative Income Statements For Year Ended December 31 Current Year Prior Year $ Sales 5 795 000 $ 695 000 Cost of goods sold 500.000 284.400 Gross profit 235.000 410 500 Operating expenses 129,200 231 200 Not income $105.800 $ 179.000 Reason for Decline in Net Income > Express the following comparative Income statements in common se perdens Using the common size percentages, which item is most responsible for the decline in net income? Income Statement Reason for Decline in Net Income Using the common se percentages which is most respons for the decine e income?
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