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Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Current Trend Percente 2 Years 1 Year
Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Current Trend Percente 2 Years 1 Year 2 Years Current 1 Year Sales Year 100.0% Ago 100.0% Ago 100.0% Year Ago Ago 104.18 102.9% 100.0% Cost of goods sold Operating expenses 63.1 14.3 60.9 13.8 57.6 14.1 114.0 108.8 100.0 105.6 100.7 100.0 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Answer is not complete. 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 57,600 14,100 $ 28,300
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