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 % $ % $660,000 Sales 750,000 Cost of goods sold 562,700 293,200 366,800 Gross profit 187,300 Operating expenses 130,400 278,000 Net income 88,800 56,900 Has the company's situation improved in the most recent year? Yes No