Question: please help!!! Check my work 2 Exercise 13-4 Computing and Interpreting common-size percents LO P2 Express the following comparative income statements in common-size percents. Using

Check my work 2 Exercise 13-4 Computing and Interpreting common-size percents LO P2 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? 1.11 points cBook Income Reason for Statement Decline in Net Income Express the following comparative Income statements in common-size percent. (Round your percentage answers to 1 decimal place.) Rece GOMEZ CORPORATION Comparative Income Statements Far Years Ended December 31 Current Year Prior Year $ X S % Sales $ 750.000 $ 650,000 Cost of goods sold 560.000 280,000 Gross profit 100 000 370,000 Operating expenses 130.400 255,200 Net income $59.GOO $ 114,800 Reason for Decline in Net Income Check my word 2 Exercise 13-4 Computing and interpreting common-size percents LO P2 111 point 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? ok Reason for Income Statement Decline in Net Income Using the common se percentages, which item is most responsible for the deceat income Income Statement Cost of goods sold Operating experies Sales ME Gra 1:52
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