Ramos Company Ramos Company included the following information in its annual report: 2011 2010 2009 Sales Cost of goods sold Operating expenses Net income $178,400 115,000 50,000 13,400 $162.500 102,500 50,000 10,000 $155.500 100,000 45,000 10.500 Refer to the information for Ramos Company. In a common size income statement for 2011, the operating expenses are expressed as: 24.0% O 30.3% 0c438% O d 28.0%