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Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Trend Percents 1 Yr Ago 2 Yrs Ago Common-Size
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Trend Percents 1 Yr Ago 2 Yrs Ago Common-Size Percents Current Yr 1 Yr Ago 2 Yes Ago Current Yr Sales Cost of goods sold 100.0% 63.4 100.0% 61.9 100.0% 59.1 105.4% 113.1 104.2% 109.1 100.0% 100.0 Total expenses 15.3 14.8 15.1 106.8 102.1 100.01 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.) Sales Cost of Goods Sold Total Expenses Net Income Current Yr 1 Yr Ago 2 Yrs Ago $ 100,000 59,100 15,100 $ 25,800 < Net Income Change in Net Income
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