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

McKenzie Sales, Ltd. Comparative Income Statement
	This Year			Last Year
Sales	$	7,300,000		$	5,548,000
Cost of goods sold		4,680,000			3,514,500
Gross margin		2,620,000			2,033,500
Selling and administrative expenses:
Selling expenses		1,392,000			1,076,000
Administrative expenses		707,000			612,500
Total expenses		2,099,000			1,688,500
Net operating income		521,000			345,000
Interest expense		101,000			92,000
Net income before taxes	$	420,000		$	253,000

Members of the companys board of directors are surprised to see that net income increased by only $167,000 when sales increased by $1,752,000.

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 100.0 % Last Year 100.0 % Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses 100.0 % 100.0 % Administrative expenses 0.0 % 100.0 % 0.0 100.0 % Total selling and administrative expenses Net operating income Interest expense Net income before taxes 100.0 % 100.0 %