express following comparative income statement in common size

Express the following comparative income statements in common-size percents. Using the common-size percentages, which item is most responsible for the decline in net income? Income Statement Reason for Decline in Net Income 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 Current Year Prior Year Sales Cost of goods sold Gross profit $ 735,000 570,800 164,200 129,200 35.000 $ 695,000 291,000 404,000 231,200 $ 172,800 Operating expenses Net income Reason for Decline in Net Income > Express the following comparative income statements in common-size percents. Using the common-size percentages, which item is most responsible for the decline in net income? Income Reason for Decline in Net Statement Income Using the common-size percentages, which item is most responsible for the decline in net income?