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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 Year Ago Sales 100.0% 100.0% 100.0% Current Year 104.3% 2 Years 1 Year Ago Ago 103.1% 100.0% Cost of goods sold. 63.6 61.4 58.0 114.4 109.1 100.0 Operating expenses 14.3 13.8 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 58.000 14,100 $ 27.900 < Change in Net Income
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