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Express the following income statement information in common-size percentages and in trend percentages using Year 1 as the base year (round to nearest percentage): Year

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Express the following income statement information in common-size percentages and in trend percentages using Year 1 as the base year (round to nearest percentage): Year 2Year 1 $230,000 $270,000 Sales Cost of goods sok 120.000 145.000 Gross proft Operating expenses 56.400 65.400 Operating income 53.600 S 59,600 110,000 $125,000 Common Size Year 2 Year 1 Sales Cost of goods sold Gross Profit Operating expenses Operating income Trend percentages

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