Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow....
90.2K
Verified Solution
Link Copied!
Question
Accounting
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow.
|
| Common-Size Percents |
| Trend Percents | ||||||||||
|
| 2017 | 2016 | 2015 |
| 2017 | 2016 | 2015 | ||||||
| Sales | 100.0 | % | 100.0 | % | 100.0 | % |
| 104.3 | % | 103.1 | % | 100.0 | % |
| Cost of goods sold | 63.5 |
| 61.3 |
| 58.0 |
|
| 114.2 |
| 109.0 |
| 100.0 |
|
| Operating 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?
- Remained unchanged
- Net income increased
- Net income decreased
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.