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Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Operating expenses Change in Net
Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Operating expenses Change in Net Income Common-Size Percents Net Income Current Year 100.0% 63.1 14.4 Sales Cost of Goods Sold Operating Expenses Net Income 1 Year Ago 100.0% 60.9 13.9 2 Years Ago 100.0% 58.1 14.2 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Complete this question by entering your answers in the tabs below. Current Year 105.0% 114.0 106.6 Determine the net income for the following years. Assuming sales were $100,000 2 yrs ago, what is net income in each year? Note: Enter all amounts as positive values. Current Year 1 Year Ago
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