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Kingston

Craig's

Data table Kingston Inc. and Craig Ltd. are competitors. Compare the two companies by converting their condensed income statements to common size. (Click the icon to view the income statements.) Which company earned more net income? Which company's net income was a higher percentage of its net sales? Which company is more profitable? Explain your answer. Begin by converting the condensed income statements to common size. (Round your answers to two decimal places, X.XX\%.) earned more net income. could be more profitable because it earned far more net income than net income was a higher percentage of net sales. could be more profitable because it earned a higher percentage of profit on each dollar of sales than