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-size percents. (Round your percentage answer decimal place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year % Sales Cost of goods sold Gross profit Operating expenses Net income $ 780,000 565.400 214,600 128,000 $ 86,600 Prior Year % $630,000 293,200 336.800 263.600 $ 73,200 THUR Reason for Decline in Net Income > 6 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 Statement Reason for Decline in Net Income Using the common-sze percentages, which item is most responsible for the decline in net Income? Income Statement nh