Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size...

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Common-size and trend percents for Rustynail Companys sales, cost of goods sold, and expenses follow. Common-Size Percents T

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Answer 1

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	Current Year		1 Yr Ago		2 Yr Ago


Sales	$ 104,400	104.4% of $100,000	$ 103,200	103.2% of $100,000		$ 100,000
Cost of Goods Sold	$ 66,298	115.1% of $57,600	$ 63,245	109.8% of $57,600		$ 57,600
Total Expense	$ 14,932	105.9% of $14,100	$ 14,241	101% of $14,100		$ 14,100
Net Income	$ 23,171		$ 25,714			$ 28,300

Part b

Net income has decreased

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Answer 2

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