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bok int int ences Express the following comparative income statements in common size percents Using...

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bok int int ences Express the following comparative income statements in common size percents Using the common size percents which item is most responsible for the decline in net income Complete this question by entering your answers in the tabs below Income Statement Reason for Decline in Net Income Express the following comparative income statements in common size percents Note Round your percentage answers to 1 decimal place Sales Cost of goods sold Gross profit Operating expenses Net income GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year Current Year 740 000 565 400 100 0 174 600 129 200 45 400 Income Statement Prior Year 640 000 280 000 360 000 258 800 101 200 Prior Year Reason for Decline in Net Income Check my

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