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Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Total expenses Common-Size Percents 2018
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Total expenses Common-Size Percents 2018 2017 2016 100.0% 100.0% 100.0% 63.5 61.3 57.7 14.4 13. 9 1 4.2 Trend Percents 2018 2017 2016 104.98 103.7% 100.0% 115.4 110.2 100.0 106.5 101.5 100.0 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 M7 11 $ 11 $ Sales Cost of Goods Sold Total Expenses Net Income 2016 100,000 57,700 14,200 28,100 $ Required 1 Required 2 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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