Exercise 17-4 Determination of income effects from common-size and trend percents L.O. P1, P2

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

	Common-Size Percents							Trend Percents
	2012		2011		2010			2012		2011		2010
Sales	100.0	%	100.0	%	100.0	%		104.4	%	103.2	%	100.0	%
Cost of goods sold	62.4		60.9		58.1			102.0		108.1		100.0
Total expenses	14.3		13.8		14.1			105.9		101.0		100.0

1.

Determine the net income for the following years.(Round your intermediate calculations to 1 decimal place andfinal answers to 2 decimal places. Omit the "$" sign in your response.)

Years	Net income
2010	$____
2011	$____
2012	$____

2.

Has thenet income increased, decreased, or remained unchanged in this three-year period?