(Solution) - Express the following comparative income statements in common size percents and -(2025 Original AI-Free Solution)

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Express the following comparative income statements in common-size percents and assess whether or not this company's situation has improved in the most recent year (round the percents to one decimal).
GOMEZ CORPORATION
Comparative Income Statements
For Years Ended December 31, 2015 and 2014
___________________________2015 __________2014
Sales . . . . . . . . . . . . . . . . . . . . . $740,000 ......... $625,000
Cost of goods sold . . . . . . . . . . 560,300 ............ 290,800
Gross profit . . . . . . . . . . . . . . . . 179,700 ............ 334,200
Operating expenses . . . . . . . . . . 128,200 ............ 218,500
Net income . . . . . . . . . . . . . . . . $ 51,500 .......... $115,700