A comparative income statement is given below for McKenzie Sales, Ltd., of Toronto:

McKenzie Sales, Ltd. Comparative Income Statement
	This Year			Last Year
Sales	$	7,370,000		$	5,601,200
Cost of goods sold		4,660,000			3,511,500
Gross margin		2,710,000			2,089,700
Selling and administrative expenses:
Selling expenses		1,387,000			1,082,000
Administrative expenses		704,000			610,500
Total expenses		2,091,000			1,692,500
Net operating income		619,000			397,200
Interest expense		100,000			89,000
Net income before taxes	$	519,000		$	308,200

Members of the companys board of directors are surprised to see that net income increased by only $210,800 when sales increased by $1,768,800.

Required:

1. Express each year's income statement in common-size percentages. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)

Next Year

This Year
Sales		%		%
Cost of goods sold		%		%
Gross margin		%		%
Selling and administrative expenses:
Selling expenses		%		%
Administrative expenses		%		%
Total selling and administrative expenses		%		%
Net operating income		%		%
Interest expense		%		%
Net income before taxes