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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow.
Â
| Â | Common-Size Percents | Â | Trend Percents | ||||||||||
| Â | 2014 | 2013 | 2012 | Â | 2014 | 2013 | 2012 | ||||||
| Â Â Sales | 100.0 | % | 100.0 | % | 100.0 | % | Â | 104.4 | % | 103.2 | % | 100.0 | % |
| Â Â Cost of goods sold | 63.2 | Â | 61.0 | Â | 57.6 | Â | Â | 114.6 | Â | 109.3 | Â | 100.0 | Â |
| Â Â Total expenses | 14.3 | Â | 13.8 | Â | 14.1 | Â | Â | 105.9 | Â | 101.0 | Â | 100.0 | Â |
| Â | |||||||||||||
Determine the net income for the following years. (Enter all amounts as positive values.)
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