Common- size and trend percents for Rustynail Companys sales, cost of goods sold, and expenses follow. Determine

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Common- size and trend percents for Rustynail Company€™s sales, cost of goods sold, and expenses follow. Determine whether net income increased, decreased, or remained unchanged in this three- yearperiod.

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Nov 26, 2013 10:20 AM

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Common- size and trend percents for Rustynail Companys sales, cost of goods sold, and expenses follow. Determine

Question:

Common-Size Percents 2014 2013 2012 2014 2013 2012 100.0% Trend Percents Sales Cost of goods sold.... 100.0% 100.0% 105.4% 104.2% 100.0% 63.4 6.9 59.I 103.0 10. 100.0 15.3 14.8I5.95.0910 100.0

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Net income decreased Supporting calculations When the sum of each years c...View the full answer

Fundamental accounting principle

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