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Accounting questions Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents Current Yr 1 Yr

Accounting questions

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Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents Current Yr 1 Yr Ago 2 Yrs Ago Current Yr 1 Yr Ago 2 Yrs Ago Sales 100 .0% 100.08 100.0% 104.3% 103. 18 100.0% Cost of goods sold 63.1 60.9 56.7 116.1 110.7 100.0 Total expenses 14.3 13 . 8 14.1 105.8 100.9 100.0 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 2 Yrs Ago Sales $ 100,000 Cost of Goods Sold 56,700 Total Expenses 14,100 Net Income 29,200

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