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, 2017 and 2016
2017 2016
$ % $ %
Sales $735,000 $695,000
Cost of goods sold 568,100 295,400
Gross profit 166,900 399,600
Operating expenses 130,400 232,400
Net income $36,500 $167,200
Has the company's situation improved in the most recent year?
a. Yes
b. No

Titus manufacturing, inc. provided the following information for the year: purchases - direct materials $91,000 plant utilities and insurance 68,000 indirect materials 11,170 indirect labor 4270 direct materials used in production 99,000 direct labor 117,500 depreciation on factory plant & equipment 4000the inventory account balances as of january 1 are given below. direct materials $44,000 work-in-progress inventory 10,000 finished goods inventory 50,000what is the ending balance in the direct materials account? $135,000 $36,000 $110,170 $6000

How can a poor housing market put home buyers in a financially unstable position? a. changing property values means it’s easier to find homes with low rental costs. b. when the home value decreases, property taxes and insurance costs increase. c. houses are valued lower than their purchase prices, so the home equity decreases. d. home buyers lose all tax benefits and tax incentives when the housing market goes down. e. mortgage payments can increase even though the home value decreases.

Do you think a travel organization company might be able to get less expensive airline tickets then you as an individual could get? (no less then 25 words)