Score: 0 of 10 pts 2 of 2 (1 complete) HW Score: 50%, 10 of 20 pts S12-4 (similar to) Question Help Pristine Company and Jermaine Corporation are competitors. B (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) Pristine Jermaine Amount Percent Amount Percent $ 13,500 $ % 6,500 % Net sales Cost of goods sold 7,965 % % 4,316 1,326 Selling and administrative expenses 3,861 % % Interest expense 81 % 39 % Other expenses 27 52 % 486 169 Income tax expense % % $ 1,080 598 Net income % % income statements to common-size statements. Which company earned more net income? Which company's net income wa i Data Table X ammon size. (Round y - ine Percent Amd (In millions) Pristine Jermaine % $ 13,500 $ 6,500 % 7,965 4,316 % Net sales Cost of goods sold Selling and administrative expenses Interest expense 3,861 1,326 81 39 % Other expenses 27 52 % 486 169 Income tax expense $ % $ 1,080 $ 598 Net income Print Done