Oakley Corporation has the following comparative income statements. Which of the following statements is false with regard to this comparative data?

OAKLEY CORPORATION

Comparative Income Statements

For Years Ended December 31, 2020 and 2019 2020 2019

Sales $360,000 $267,500

Cost of goods sold 237,600 140,170

Gross profit 122,400 127,330

Operating expenses 75,600 51,895

Net income $46,800 $75,435

Group of answer choices

The common-size operating expenses for 2020 equals.

The common-size net income percent for 2019 equals 28.04%.

The common-size cost of goods sold for 2019 equals 52.4%.

The common-size gross profit percent for 2020 equals (3.87)%.

The common-size sales percent for 2020 equals 100%.