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

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Common-size and trend percents for Rustic Company's sales, cost of goods sold, and expenses follow. Determine whether net income increased, decreased, or remained unchanged in this three-year period.

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Financial Accounting Information for Decisions

ISBN: 978-1259533006

8th edition

Authors: John J. Wild

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Question Posted: Feb 23, 2017 01:53 AM

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

Question:

Common-Size Percents 2016 2015 2014 2016 2015 2014 100.0% 100.0% 100.0% 105.4% 104.2% 100.0% Trend Percents Sales. . Cost of goods sold Total expenses 141424) 63.4 61.9 59.1 113.1 109. 100.0 15.3 4.8 15. 106.8 102.1 100.0

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

Financial Accounting Information for Decisions

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