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need help answering Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) x Answer is complete but

need help answering

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Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) x Answer is complete but not entirely correct. GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 $ $ % Sales $740,000 100.0 625,000 100.0 Cost of goods sold 560,300 74.2 X 290,800 46.2 X Gross profit 179,700 25.8 X |334,200 53.8 x Operating expenses 128,200 17.3 218,500 37.0 X Net income $ 51,500 8.6 X $ 115,700 16.9 x Has the company's situation improved in the most recent year? O Yes O No

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