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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 Year 1
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 Year 1 Year Ago Sales 100.0% 100,0% Ago 100.0% Current Year 104.4% 1 Year Ago 1 Cost of goods sold 63.7 61.5 Operating expenses 14.3 13.8 56.8 14.1 117.1 105.91 103.2% 111.7 101.0 2 Years Ago 100.0% 100.0 100.0 5:34 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 56,800 14,100 $ 29,100
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