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Common - size and trend percent's for Roxi Company's sales, cost of goods sold, and expenses follow. Common - Size Percent's Trend Percent's Current Year

 

Common-size and trend percent's for Roxi Company's sales, cost of goods sold, and expenses follow.

Common-Size Percent's Trend Percent's

Current Year 1 Year Ago 2 Years Ago Current Year 1 Year Ago 2 Years Ago

Sales 100.0% 100.0% 100.0% 105.0% 103.8% 100.0%

Cost of goods sold 63.3 61.1 56.6 117.4 112.1 100.0

Operating expenses 14.4 13.9 14.2 106.6 101.6 100.0

Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period?

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