Question: #6 Exercise 17-5 Determining income effects from common-size and trend percents Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses

Exercise 17-5 Determining income effects from common-size and trend percents Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow, Comon Size Percents Trend Percents Current y 1 yr ago 2 Yrs Ago Current Yr 1 yr ago Sales 100.ex 100.ex 100.ex 104.9% 103.7% cost of goods sold 56.5 117.7 112.3 Total expenses 13.9 14.2 106.5 101.5 2 Yrs Ago 100.ex 100.0 100.0 63.4 61.2 14.4 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Complete this question by entering your answers in the tabs b below. Net Income Change in Net Income Determine the net income for the following years. (Enter all amounts as positive values.) Current Y! 1 Yr Ago 2 Yrs Ago Sales 5 100,000 Cost of Goods Sold 56 500 Total Expenses 14200 Net Income 5 29,300 Change in Net Income Common-size and trend percents for Rustynall Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Current Yr 1 yr ago 2 Yrs Ago 100.ex 100.0% 100.ex 63.4 61.2 56.5 14.4 13.9 14.2 Sales Cost of goods sold Total expenses Trend Percents 1 yr ago 103.7% 1123 101.5 Current Yr 104.9% 117.7 106.5 2 Yrs Ago 100.0% 100.0 100.e Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Complete this question by entering your answers in the tabs below. Net Income Change in Not Income W Did the net income increase, decrease or remain unchanged in this three-year period? Did the net income increaso, decrease of remain unchanged in this three-year period?
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