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 $800,000 $695,000 Cost of goods sold 565,400 284,400 Gross profit 234,600 410,600 Operating expenses 130,400 250,400 Net income $104,200 $160,200