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Common-sire and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents 2015 2014 2013 2015 2014 2013

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Common-sire and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents 2015 2014 2013 2015 2014 2013 Sales 100.0% 100.0% 100.0% 104,4% 103.2% 100.0% Cost of goods sold 63. 1 60.9 57.3 115.0 109.7 100.0 Total expenses 14.3 13.8 14.1 105.9 101.0 100.0 Determine the net income for the following years. (Enter all amounts as positive values. Round your answers to nearest whole dollar.) 2015 2014 $ Sales Cost of Goods Sold ds Sold Total Expenses Net Income 2013 100,000 57,300 14,100 28,600 Did the net income increase, decrease, or remain unchanged in this three-year period? Net Income increased Remained unchanged Net income decreased Hints References eBook & Resources Hint 1 Check my work (2) Compute the acid-test ratio for the year ended 2015, 2014, and 2013. Acid-Test Ratio Choose Numerator: 1 Choose Denominator: = Acid-Tost Ratio Acid-test ratio 2015: 2014: 2013 Hints References eBook & Resources Hint 1 Check my work

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