Business, 08.02.2021 19:30 nickname9154

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
Current Year Prior Year
Sales$ 720,000 $630,000
Cost of goods sold 565,400 291,000
Gross profit 154,600 339,000
Operating expenses 129,200 268,400
Net income $25,400 $70,600

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

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