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mruffier8909
mruffier8909
18.02.2022 • 
Business

The following income statements were drawn from the annual report of The Western Sales Company. Year 2 Year 1
Sales 40,000 40,000
Cost of Goods Sold (25,000) (25,000)
Gross Margin 15,000 15,000
Operating Expenses (7,000) (9,000)
Operating Income 8,000 6,000
Gain on the sale of land 0 5,000
Net Income 8,000 11,000
If the trends continue, investors can expect the company's net income for Year 3 to:.
i. increase
ii. decrease.
iii. stay the same.
iv. move up and down.

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