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  3. express the following comparative income statement

Express the following comparative income statements in common-size percents. (Round your percentage answers to 1...

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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 $ 760,000 $ 660,000 Cost of goods sold 568,100 286,600 Gross profit 191,900 373,400 Operating expenses 128,000 220,400 Net income $ 63,900 $ 153,000 Has the company's situation improved in the most recent year? O Yes

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