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  3. express the following comparative income statement

Express the following comparative income statements in common-size percents. (Round your percentage answers to 1...

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Accounting

Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.)

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Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 Sales Cost of goods sold Gross proft Operating expenses Net income $ 790,000 570,800 219,200 130,400 $ 88,800 $ 645,000 288,800 356,200 249,200 $ 107,000 Has the company's situation improved in the most recent year? O Yes O No

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