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Hi! I need some help with this. Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Cost of
Hi! I need some help with this.
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Operating expenses Common-Size Percents 2017 2016 2015 100.0% 100.0% 100.0% 63.6 61.4 56.9 14.4 13.9 14.2 Trend Percents 2017 2016 2015 104.8 % 103.6% 100.0% 117.1 111.8 100.0 106.4 101.4 100.0 Determine the net income for the following years. (Enter all amounts as positive values.) 2017 2016 2015 | $ Sales Cost of Goods Sold Operating Expenses 100,000 56,900 14,200 28,900 Net Income $ Did the net income increase, decrease, or remain unchanged in this three-year period? O Remained unchanged Net income decreased O Net income increasedStep by Step Solution
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