Question: Exercise 13-5 Determining income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Rustynail Company's sales, cost of goods sold,
Exercise 13-5 Determining income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Total expenses Common-size Percenta Current Ye 1 Yr Ago 2 YES Ago 100.00 100.0% 100.05 63.1 60.9 57.9 14.4 13.9 14.2 Trond Percenta Current Yr 1 YE AO 104.88 103.68 114.2 109.0 106.4 101.4 2 Yr Ago 100.00 100.0 100.0 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 Net Income Determine the net income for the following years. (Enter all amounts as positive values.) Current Yr 1 Yr Ago Sales Cost of Goods Sold Total Expenses 2 Yrs Ago $ 100,000 57.900 14,200 $ 27,900 Net Income
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