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 Cost of goods sold Gross profit Operating expenses Net income $ 775,000 562,700 212,300 129,200 $ 83,100 $695,000 282,200 412,800 279,200 $ 133,600 Has the company's situation improved in the most recent year? O Yes O No