Exercise 13-4 Common-size percent computation and interpretation LO P2 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 $770,000 $635,000 Cost of goods sold 562,700 299,800 Gross profit 207,300 335,200 262,400 Operating expenses 129,200 78,100 $72,800 Net income Has the company's situation improved in the most recent year? Yes No 2