Use the data for Gomez Industries, Inc., from P4-48B.

Requirements
1. Calculate the gross profit percentage for Gomez Industries for the year.
2. The gross prof t percentage for 2011 was 39.1%. Did the gross prof t percentage improve or deteriorate during 2012?
3. Calculate the net income percentage for Gomez Industries for the year.
4. The net income percentage for 2011 was 5.3%. Did the net income percentage improve or deteriorate during2012?

Sales Revenue..._$323,400 Cost of Goods Sold Equipment. Accounts Payable. Sales Discounts... Advertising Expense. Interest Expens... Salaries Payable Accounts Receivable. Building Sales Returns and 171,600 97,000 Accumulated Depreciation 17,700 13,000 4,100 3,500 50,000 Equipment Unearned Sales Revenue 4,600 ...43,500 Prepid Rent 1,300 1,700 8,800 Office Salaries Expense Accumulated Depreciation Building 39,600 5,400 5,000 12,200 83,200 1,400 10,200 120,000 Utilities Expense Dividends Allowances Common Stock Depreciation Expense 6,800 Cash 40,000 Retaed Earnings, 10/31/2011 Delivery Expense (General) Inventory 13,400 nsurance Expens... 16,400 Mortgage Payable Commission Expense. 25,000 (Long-Term) Supplies 44,000 600