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Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents Current 2 Years 1 Year
Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents Current 2 Years 1 Year Ago Sales Year 100.0% 100.0% Ago 100.0% Cost of goods sold Operating expenses 63.5 14.4 61.3 13.9 56.8 14.2 Current Year 104.8% 117.2 106.4 2 Years 1 Year Ago. Ago 103.6% 100.0% 111.8 100.0 101.4 100.0 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. Change in Net Income Net Income 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 2 Years Ago Sales S 100,000 Cost of Goods Sold Operating Expenses 56,800 14,200 Net Income $ 29,000 < Change in Net Income Net Income
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