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Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size Percents 2017 100.0% 100.0% 100.0% 61.0 13.8 Trend Percents
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size Percents 2017 100.0% 100.0% 100.0% 61.0 13.8 Trend Percents 2017 104.3% 103.1% 100.0% 114.6109.4 100.0 105.8100.9 100.0 2018 2016 2018 2016 Sales Cost of goods sold Total expenses 63.2 14.3 57.5 14.1 1. Determine the net income for the following years 2. 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. Required 1 Required 2 Determine the net income for the following years. (Enter all amounts as positive values.) 2018 2017 2016 Sales Cost of Goods Sold Total Expenses Net Income $100,000 57,500 14,100 $28,400
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