Express the following comparative income statements in common-size percents. Using the common-size percents, which item is...

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Express the following comparative income statements in common-size percents. Using the common-size percents, which item is most responsible for the decline in net income? Complete this question by entering your answers in the tabs below. 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 Yoars Ended December 31 Current Year $ Current Year % Prior Year $ Prior Year % 675,000 288,800 386,200 248,000 Sales 750,000 24 Cost of goods sold 568,100 Gross profit 181,900 Operating expenses Net income 130,400 %24 51,500 138,200 Ineame tatament Reason for Decline in Net Income Express the following comparative income statements in common-size percents. Using the common-size percents, which item is most responsible for the decline in net income? Complete this question by entering your answers in the tabs below. Income Statement Reason for Decline in Net Income Using the common-size percents, which item is most responsible for the deciline in net income? Using the common-size percents, which item is most responsible for the decline in net income? Income Statement Rann for bealina in Nat intoms Express the following comparative income statements in common-size percents. Using the common-size percents, which item is most responsible for the decline in net income? Complete this question by entering your answers in the tabs below. 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 Yoars Ended December 31 Current Year $ Current Year % Prior Year $ Prior Year % 675,000 288,800 386,200 248,000 Sales 750,000 24 Cost of goods sold 568,100 Gross profit 181,900 Operating expenses Net income 130,400 %24 51,500 138,200 Ineame tatament Reason for Decline in Net Income Express the following comparative income statements in common-size percents. Using the common-size percents, which item is most responsible for the decline in net income? Complete this question by entering your answers in the tabs below. Income Statement Reason for Decline in Net Income Using the common-size percents, which item is most responsible for the deciline in net income? Using the common-size percents, which item is most responsible for the decline in net income? Income Statement Rann for bealina in Nat intoms

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