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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 1 Year 2 Years Current
Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents Current 1 Year 2 Years Current 1 Year 2 Years Year Sales 100.0% Ago 100.0% Ago Year Ago 100.0% 104.3% 103.1% Cost of goods sold Operating expenses 63.6 14.3 61.4 13.8 56.4 117.6 112.2 Ago 100.0% 100.0 14.1 105.8 100.9 100.0 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? (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 56,400 14,100 $ 29,500
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