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Exercise 17-5 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 17-5 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 Common-Site Percents Current Yr 1 Ye Ago 2 Yrs Ago 100.ex 100.ex 100.es 63.6 61.4 57.2 14.3 13.8 14.1 Current Yr 104.9% 116.e 105.8 Trend Percents 1 Yr Ago 103.15 110.7 100.9 2 Yrs Ago 100.0% 100.0 100.0 Total expenses cos 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.) Si Check my work 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 Sales Cost of Goods Sold Total Expenses Net Income 2 Yrs Ago $ 100,000 57,200 14,100 $ 28,700 Change in Net Income > Check my work 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 ok Did the net income increase, decrease, or remain unchanged in this three-year period? Did the net income increaso, decrease, or remain unchanged in this throo-year period? ces
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