Express the following comparative income statements in common-size percents (vertical analysis). (Round your percentage answers to 1 decimal place.)

GOMEZ CORPORATION
Comparative Income Statements
For Years Ended December 31, 2018 and 2017
	2018		2017
	$	%	$	%
Sales	$740,000	?	$625,000	?
Cost of goods sold	560,300	?	290,800	?
Gross profit	179,700	?	334,200	?
Operating expenses	128,200	?	218,500	?
Net income	$51,500	?	$115,700	?

What is your analysis of the companys situation? (comment on each of the line item changes).

Sales:

Cost of Goods Sold:

Gross Profit:

Operating Expenses:

Net Income: