2. 2.85 points value Common-size and trend percents for Rustic Company\'s sales,

Question

2. 2.85 points value Common-size and trend percents for Rustic Company's sales, cost of goods sold, and expenses follow Common-Size Percents 2016 2015 2014 100.0% 100.0% 100 0% 104.1% 102.9% 100.0% 63.6 61.457.0 14.3 13.8 14.1 Trend Percents 2016 2015 2014 Sales Cost of goods sold Total expenses 116.2 1108 100.0 105.6 100.7 100.0 Determine the net income for the following years. (Enter all amounts as positive values. Round your answers to nearest whole dollar.) 2016 2015 2014 Sales Cost of Goods Sold Total Expenses Net Income 100,000 57,000 14,100 28,900 Did the net income increase, decrease, or remain unchanged in this three-year period? O Net income increased O Remained unchanged O Net income decreased

Explanation / Answer

Determine net income for the following year :

c) Net income decreased.

2016 2015 2014 Sales 104100 102900 100000 Cost of goods sold 66208 63181 57000 Total expense 14886 14200 14100 Net income 23006 25519 28900

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