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6 Exercise 13-5 Determining income effects from common-size and trend percents LO P1, P2 2.22 Common-size and trend percents for Rustynail Company's sales, cost of
6 Exercise 13-5 Determining income effects from common-size and trend percents LO P1, P2 2.22 Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. points eBook Sales Cost of goods sold Total expenses Common-Size Percents Current Yr 1 Yr Ago 2 Yrs Ago 100.0% 100.0% 100.0% 63.3 61.1 56.7 14.2 13.7 14.0 Trend Percents Current Yr 1 Yr Ago 103.9% 102.7% 116.0 110.7 105.4 100.5 2 Yrs Ago 100.0% 100.0 100.0 Hint Print References Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Complete this question by entering your answers in the tabs below. Net Income Change in Net Income Determine the net income for the following years. (Enter all amounts as positive values.) Current Yr 1 Yr Ago Sales Cost of Goods Sold Total Expenses 2 Yrs Ago $ 100,000 56,700 14,000 29,300 Net Income $
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