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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 Year Sales 100.0% 1
Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents Current Year Sales 100.0% 1 Year Ago 100.0% 2 Years Ago Current Year 1 Year 2 Years Ago 100.0% 104.1% 102.9% Ago. 100.0% Cost of goods sold 63.4 Operating expenses 14.3 61.2 13.8 57.8 14.1 114.2 105.6 109.0 100.0 100.7 100.0 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Complete this question by entering your answers in the tabs below. Change in Net Income Net Income 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? Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Current Year Sales 100.0% 1 Year Ago 100.0% 2 Years Ago 100.0% Trend Percents Current 1 Year Year 2 Years Ago Ago 104.1% 102.9% 100.0% Cost of goods sold 63.4 61.2 Operating expenses 14.3 13.8 57.8 14.1 114.2 105.6 109.0 100.7 100.0 100.0 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 66,067 63,030 57,800 14,100 $ 28,100
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