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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
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 | % | 100.0 | % | 100.0 | % | 104.9 | % | 103.7 | % | 100.0 | % | |||||||||||||
Cost of goods sold | 63.1 | 60.9 | 56.5 | 117.2 | 111.8 | 100.0 | |||||||||||||||||||
Total expenses | 14.4 | 13.9 | 14.2 | 106.5 | 101.5 | 100.0 | |||||||||||||||||||
Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period?
Determine the net income for the following years. (Enter all amounts as positive values.)
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