o Data Table Prepare a comparative common-size income statement for Hooser Corporation. To an investor, how does 2017 compare with 20167 Explain your reasoning. (Click the icon to view the comparative income statement.) Start by calculating the percentages. (Round the percentages to two decimal places, X.XX.) Hooker Corporation Comparative Common-Size Income Statement For the Years Ended December 31, 2017 and 2016 2017 2016 Hooser Corporation Income Statement For the Years Ended December 31, 2017 and 2016 (amounts in thousands) 2017 2016 Sales revenues $ 482,000 $ 227,220 420,000 210,000 Sales revenues 100.00% 100.00 % Less: Cost of goods sold Gross profit $ Less: Cost of goods sold Gross profit % % 254,780 $ 95.250 210,000 90,050 % Less: Operating expenses Operating Income % % $ Less: Operating expenses Operating income 159.530 $ 6,460 119,950 6,020 % 1% Less: Interest expense Income before income taxes % % $ Less: Interest expense Income before income taxes 153,070 $ 14 225 113,930 8,990 % 9 Less: Income tax expense Less: Income tax expense % $ 104,940 138,845 $ % Nel income Net income % % Done Print Now you are ready to compare the two years 7 An investor would be with 2017 in comparison with 2016. Net sales and net income are both V significantly from 2016. Cost of goods sold and selling and general expenses - the two largest expenses - consumed percentages of total revenues in 2017, and net income represents a percentage of revenues. Overall, profits are Enter any number in the edit fields and then continue to the next