Perry Company and Jones Corporation are competitors. (Click the icon to view the income statements.) Compare the two companies by converting their condensed income statements to common-size statements. Which company earned more. net income? Which company's net income was a higher percentage of its net sales? Explain your answer. Begin by converting the condensed income statements to common size. (Round your answers to the nearest one-tenth of a percent, XX%. Do not enter the % symbol in any of the input fields.) (in millions) Net sales Cost of goods sold Selling and administrative expenses Interest expense Other expenses Income tax expense Net income % de de de de Perry Jones Amount Percent Amount Percent $ 18,500 10,500 % 10,860 % 6,930 5,032 % 2,142 148 de % 63 74 % 21 851 378 1,535 966 de