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Exercise 13-5 Determining 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,
Exercise 13-5 Determining 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. Sales Cost of goods sold Total expenses Common-Size Percents Current Yr 1 Yr Ago 2 Yrs Ago 100.0% 128.00 100.0% 63.3 61.1 57.1 14.3 13.8 14.1 Current Yr 184.6% 116.0 106.2 Trend Percents 1 Yr Ago 103.4% 118.6 101.2 2 Yrs Ago 100.es 109. 100. 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.) Current Yr 1 Yr Ago 2 Yrs Ago S 100,000 S 103.900 Sales Cost of Goods Sold Total Expenses 57.100 14.100 Net Income S 28,800 Het Incom Change in Net Income > Exercise 13-5 Determining 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. Sales Cost of goods sold Total expenses Common-Size Percents Current Yr 1 Yr Ago 2 Yrs Ago 100.0% 100.00 100.ex 63.3 61.1 57.1 13.8 14.1 Current Yr 184.6% 116.9 106.2 Trend Percents 1 yr ago 193.4% 118.6 101.2 2 Yrs Ago 180.es 100. 189. 14.3 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 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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