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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 Ago Sales 100.0% 100.0% 100.0% Current Year 105.0% 2 Years 1 Year Ago Ago 103.8% 100.0% Cost of goods sold 63.2 Operating expenses 14.4 61.0 13.9 57.9 14.2 114.6 109.4 100.0 106.6 101.6 100.0 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.) Current Year Sales $ 100,000 1 Year Ago $ 2 Years Ago 100,000 $ 100,000 Cost of Goods Sold 63,200 61,000 57,900 Operating Expenses Net Income 14,200 $ 27,900 Pray !!!
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