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Common-size and trend percents for a Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Total expenses Common-Size Percents Current
Common-size and trend percents for a Company's sales, cost of goods sold, and expenses follow. 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 56.9 14.2 13.7 14.0 Trend Percents Current Yr 1 Yr Ago 103.8% 102.6% 115.5 110.2 105.3 100.4 2 Yrs Ago 100.0% 100.0 100.0 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 56,900 Total Expenses 14,000 Net Income $ 29,100 Net Income Change in Net Income > Net Income Change in Net Income Did the net income increase, decrease, or remain unchanged in this three-year period? Did the net income increase, decrease, or remain unchanged in this three-year period?
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