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2 ints Express the following comparative income statements in common size percents Using the common...

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2 ints 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 Answer is complete but not entirely correct 740 000 565 400 174 600 129 200 45 400 Prior Year 100 0 640 000 76 4 280 000 23 6 360 000 17 5 258 800 6 1 101 200 33 Prior Year 100 0 icate completion 76 4 x 23 6 x 17 5 x 6 1 X Return to quest

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