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Exercise 17-4 Common-size percent computation and interpretation LO P2 ing comparative income statements in common-sze...

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Accounting

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Exercise 17-4 Common-size percent computation and interpretation LO P2 ing comparative income statements in common-sze 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 Cost of goods sold Gross proft Operating expenses Net income 5 775,000 562,700 212,300 129,200 83.100 S 665000 293 200 371 800 227.600 s 144 200 Has the company's situation improved in the most recent year? Yes

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