and trend percents for Rustynail Companys sales cost of good

and trend percents for Rustynail Company\'s sales, cost of goods sold, and expenses follow. Common-Size Percents 2015 2014 2013 100.0% 100.0% 100.0% 63.1 80.9 58.9 14.313.8 14.1 Trend Percents Sales Cost of goods sold Total expenses 2015 20142013 104.2% 103.0% 100.0% 115.8 110.2 100.0 105.7 100.8 100.0 Determine the net income for the following years. (Enter all amounts as positive values. Round your answers to nearest whole dollar.) 2015 2014 2013 Sales Cost of Goods Sold Total Expenses Net Income S 100,000 58,900 14,100 S 29,000 Did the net income increase, decrease, or remain unchanged in this three-year period? Remained unchanged Net income decreased Net income increased

Solution

conclusion: net income decreases during this three year period.

particulars	2015	2014	2013
sales	104200	103000	100000
cost of goods sold	65750	62727	56900
total expenses	14901	14214	14100
net income	23549	26059	29000