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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% Cost of goods sold Operating expenses 63.3 14.2 61.1 13.7 Ago 100.0% 57.7 14.0 Current Year 104.0% 114.1 105.5 2 Years 1 Year Ago Ago 102.8% 100.0% 108.9 100.6 100.0 100.0 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-yea 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. Sales Cost of Goods Sold Operating Expenses Net Income Current Year 1 Year Ago 2 Years Ago $ 100,000 57,700 14,000 S 28,300 < Change in Net Income Net Income >
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