Net Income Assignment
February 18th, 2020
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow.
|Common-Size Percents||Trend Percents|
|Cost of goods sold||63.4||61.9||59.1||113.1||109.1||100.0|
Determine the net income for the following years. (Enter all amounts as positive values.)
Did the net income increase, decrease, or remain unchanged in this three-year period?
- Remained unchanged
- Net income increased.