Express the following comparative income statements in common-size percents and assess whether or not this...
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Express the following comparative income statements in common-size percents and assess whether or not this company's situation has improved in the most recent year (round the percents to one decimal). GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 Sales $740,000 $625,000 560,300 290,800 179,700 334,200 128,200 218,500 51,500 $115,700 Cost of goods sold Net income
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