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% Compare the two companies by converting their condensed income statements to common-size statements. Which company earned more net income? Which Begin by converting the condensed income statements to common size, (Round your answers to the nearest one-tenth of a percent, XX%) (In millions) Korrey Louanna Amount Percent Amount Percent Net sales $ 20,000 % $ 9,000 Cost of goods sold 11,680 6,174 Selling and administrative expenses 5,440 1,008 Interest expense 20 Other expenses % Income tax expense 2,020 1,404 Net Income % % % % % 18 % 40 % 72 324 800 % % S $ % % REL Scores or S12-4 (similar to) Korrey Company and Lomma Comportione come Click the one to view the corner) Compare the two comparis by covering hair condensed conservato conosze olements, which company red more come? Which company's net income was a higher percentage of these? Begin by converting there comes to common sourd your arts the news on the percent XX in millon) Korrey Louanna Amount Percent Am Percent . 20,000 9.000 D 1.440 20 Cost of prodes Selling and institive expenses stepen Other pent incompens 11 1000 16 12 wa 2020 144 Netcome Denumber in the words and men Check Check An Cear