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. Common-Size Percents Trend Percents Current Yr 1 yr ago 2 Yrs Ago Current Yr 1 Yr Ago 2 Yrs Ago Sales 100.0 100.0% 100.0% 104.34 103.1% 100.04 Cost of goods sold 63.5 61.3 56.3 117.6 112.3 100.0 Total expenses 14.3 13.8 14.1 105.8 100.9 100.0 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. ces Net Income Change in Net Income Determine the net income for the following years. (Enter all amounts as positive values.) Current Yr 1 Ye Ago Sales Cost of Goods Sold Total Expenses Not Income 2 Yrs Ago S 100,000 56,300 14,100 $ 29,600 Change In Net Income w < Prev 6 of 9 ! Next > 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. Common-Size Percents Trend Percents Current Yr 1 Yr Ago 2 Yrs Ago Current Yr 1 Yr Ago 2 Yrs Ago Sales 100.0 100.00 100.00 104.3% 103.14 100.8% Cost of goods sold 63.5 61.3 56.3 117.6 112.3 100.0 Total expenses 14.3 13.8 14.1 105.8 100.9 100.0 Book Hint Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Print Complete this question by entering your answers in the tabs below. ferences Net Income Change y Net Incode Did the net income increase, decrease, or remain unchanged in this three-year period? Did the net income increme, decrease, or remain unchanged in this three-year period? < Net Income Charlie

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