Question: Hi could you please do both questions please :) 1. 2. Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses

Hi could you please do both questions please :)

1.Hi could you please do both questions please :) 1. 2. Common-size

2.and trend percents for Rustynail Company's sales, cost of goods sold, and

Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow Common-Size Percents 2016 100 . 0% 100.0% 1009% 61.2 13.8 Trend Percents 2016 104.1% 102.9% 100.0% 113.6 108.4 100.e 105.6 100.7 100.e 2017 2015 2017 2015 Sales Cost of goods sold Total expenses 63.4 14.3 58.1 Determine the net income for the following years. (Enter all amounts as positive values.) 2017 2016 2015 Sales Cost of Goods Sold Total Expenses Net Income $ 100,000 58,100 14,100 27,800 Did the net income increase, decrease, or remain unchanged in this three-year period? O Net income increased Net income decreased Remained unchanged

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!