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help please! Exercise 13-4 Common-size percent computation and interpretation LO P2 Express the following...

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Accounting

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Exercise 13-4 Common-size percent computation and interpretation LO P2 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 1000 100.0 Cost of goods sold Gross profit Operating expenses Net income $ 725,000 565,400 159,600 129,200 30.400 5670,000 293,200 376,800 254,000 $ 122,800 Has the company's situation improved in the most recent year? Yes No

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