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Express the following comparative income statements in common-size place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 $
Express the following comparative income statements in common-size place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 $ % % 100.0 Sales 100.0 Cost of goods sold Gross profit Operating expenses Net income $ 755,000 570,800 184,200 129,200 $ 55,000 $ 665,000 295,400 369,600 274,400 $ 95,200 Has the company's situation improved in the most recent year? Yes O: No Exercise 13-4 Common-size percent computation and interpretation LO P2 Express the following comparative income statements in common-size percents (Round your percentage answers to 1 decimal place.)
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