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

McKenzie Sales, Limited Comparative Income Statement
	This Year	Last Year
Sales	$ 7,370,000	$ 5,601,200
Cost of goods sold	4,740,000	3,512,500
Gross margin	2,630,000	2,088,700
Selling and administrative expenses:
Selling expenses	1,379,000	1,075,500
Administrative expenses	711,500	611,500
Total expenses	2,090,500	1,687,000
Net operating income	539,500	401,700
Interest expense	98,000	87,000
Net income before taxes	$ 441,500	$ 314,700

Members of the companys board of directors are surprised to see that net income increased by only $126,800 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).)

This Year Last 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 % % % % % % %