Exercise 17-4 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 2010 2017 2016 $ % Sales $ 735,000 100.05 635,000 Cost of goods sold 562,700 713 297,600 Gross profit 172,300 337,400 Operating expenses 128,000 219,200 Net income $ 44,300 $ 118,200 100.0 42.4 Has the company's situation improved in the most recent year? Yes No