Connect cure | https://newconnect.mheducation.com/flow/connect.html 16 and 17 Co

Question

Connect cure | https://newconnect.mheducation.com/flow/connect.html 16 and 17 Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow 100.0% 100.0% 100.0% 184.9% 103.7% iee.ex 63.5 61.3 57.3 14.4 13.9 14.2 Sales Cost of goods sold Total expenses 116.3 11.9 100.0 1e6.5 101.5 1ee.e Determine the net income for the following years. (Enter all amounts as positive values.) S 104.9 S 103,700 S 100.000 57,300 14.200 S 28,500 Sales Cost of Goods Sold Net Income Did the net income increase. decresse, or remain unchanged in this three-year period? Remained unchangec Net income decreased Net Incomé increased

Explanation / Answer

Determine net income :

b) answer is b) Net income decrease

2017 2016 2015 Sales 104900 103700 100000 Cost of goods sold 66639.90 63545.70 57300 Total expense 15123 14413 14200 Net income 23137.10 25741.30 28500

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