3. Which company's net income is a higher percentage of its net sales revenue?
Data for Gomez, Inc. and Alioto Corp. follow: EEB (Click the icon to view the data.) Read the requirements Requirement 1. Prepare common-size income statements. (Round your answers to one decimal place, XX%.) Gomez Versus Alioto Common-Size Income Statement (Partial) Year Ended December 31 Gomez Alioto Net Sales Revenue Cost of Goods Sold Other Expenses Net Income Gomez Alioto Net Sales Revenue Cost of Goods Sold Other Expenses Net Income $ 11,000 6,721 3,597 $ 682 $ 26,000 18,746 5,876 $ 1,378 1. Prepare common-size income statements. 2. Which company earns more net income? 3. Which company's net income is a higher percentage of its net sales revenue
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