Question: 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

 Exercise 17-4 Common-size percent computation and interpretation LO P2 Express the

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 2016 2017 2016 % % Sales $ 780,000 562,700 Cost of goods sold Gross profit Operating expenses 217,300 $ 670,000 293,200 376,800 233,600 $ 143,200 130,400 86,900 Net income $

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