The following income statement information is available for two different companies within the same industry

	Smith	Jones
Net Sales	$8,100	$60,000
Cost of Goods Sold	2,600	37,000
Gross Profit	5,500	23,000
Operating Expenses:
Selling Expenses	400	600
Administrative Expenses	600	800
Total Operating Expenses	1,000	1,400
Operating Income	4,500	21,600
Other Income and (Expenses):
Interest Expense	(200)	(600)
Total Other Income and (Expenses)	(200)	(600)
Income Before Income Taxes	4,300	21,000
Income Tax Expense	1,000	5,000
Net Income	$3,300	$16,000

When preparing a common-size statement, what is the percentage of gross profit for Smith Company and Jones Company?

		67.90% and 38.33%
		55.56% and 36.00%
		40.74% and 26.67%
		32.10% and 61.67%