Exercise 13-5 Determination of income effects from common-size and trend percents LO P1, P2

Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow.

	Common-Size Percents							Trend Percents
	2017		2016		2015			2017		2016		2015
Sales	100.0	%	100.0	%	100.0	%		105.4	%	104.2	%	100.0	%
Cost of goods sold	63.4		61.9		59.1			113.1		109.1		100.0
Operating expenses	15.3		14.8		15.1			106.8		102.1		100.0

Determine the net income for the following years. (Enter all amounts as positive values.)