Question: 2. 2.85 points value Common-size and trend percents for Rustic Company's sales, cost of goods sold, and expenses follow Common-Size Percents 2016 2015 2014 100.0%

 2. 2.85 points value Common-size and trend percents for Rustic Company's

2. 2.85 points value Common-size and trend percents for Rustic Company's sales, cost of goods sold, and expenses follow Common-Size Percents 2016 2015 2014 100.0% 100.0% 100 0% 104.1% 102.9% 100.0% 63.6 61.457.0 14.3 13.8 14.1 Trend Percents 2016 2015 2014 Sales Cost of goods sold Total expenses 116.2 1108 100.0 105.6 100.7 100.0 Determine the net income for the following years. (Enter all amounts as positive values. Round your answers to nearest whole dollar.) 2016 2015 2014 Sales Cost of Goods Sold Total Expenses Net Income 100,000 57,000 14,100 28,900 Did the net income increase, decrease, or remain unchanged in this three-year period? O Net income increased O Remained unchanged O Net income decreased

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!