Score: 0 of 10 pts 2 of 2 (1 complete) HW Score: 16.67%, 3.33 of 20 pts S12-4 (similar to) is Question Help 0 Kent 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, X.X%.) (In millions) Kent Percent i Data Table Amount S 18,500 Jones Amount Percent S 9,000 % % % % Net sales Cost of goods sold Selling and administrative expenses Interest expense Other expenses 10,952 5,032 6,066 1,818 % % Kent 18,500 $ Jones 9,000 $ 148 % % % 54 18 10,952 6.066 % 93 851 (In millions) Net sales Cost of goods sold Selling and administrative expenses Interest expense Other expenses Income tax expense 5,032 234 % % 1,818 54 S 1,424 S 148 810 Net income 96 %4 93 18 851 Income tax expense 234 $ $ 1,424 $ 810 Net income Print Done Enter any number in the edit fields and then click Check