Question: Exercise 1 7 - 4 Computing and interpreting common - size percents P 2 Compute common - size percents for the following comparative income statements

Exercise 17-4 Computing and interpreting common-size percents P2
Compute common-size percents for the following comparative income statements (round percents to one decimal). Using the common-size percents, which item is most responsible for the decline in net income?
GOMEZ CORPORATION
Comparative Income Statements
\table[[For Years Ended December 31,Current Yr,Prior Yr],[Sales.,$740,000,$625,000
Exercise 17-4 Computing and interpreting common-size percents P2 Compute common-size percents

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