Question
Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents Current Year 1 Year Ago 2
Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow.
| Common-Size Percents | Trend Percents | |||||
|---|---|---|---|---|---|---|
| Current Year | 1 Year Ago | 2 Years Ago | Current Year | 1 Year Ago | 2 Years Ago | |
| Sales | 100.0% | 100.0% | 100.0% | 105.1% | 103.9% | 100.0% |
| Cost of goods sold | 63.6 | 61.4 | 57.5 | 116.2 | 110.9 | 100.0 |
| Operating expenses | 14.4 | 13.9 | 14.2 | 106.7 | 101.7 | 100.0 |
Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period?
Did the net income increase, decrease, or remain unchanged in this three-year period?
|
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Payroll Accounting 2016
Authors: Bernard J. Bieg, Judith Toland
26th edition
978-1305665910, 1305665910, 1337072648, 978-1337072649
