Question
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 Sales Year 100.0% 100.0% Cost of goods sold 63.3 Operating expenses 14.4 61.1 13.9 Ago 100.0% 57.8 14.2 Current Year 104.9% 2 Years 1 Year Ago Ago 114.9 106.5 103.7% 109.6 101.5 100.0% 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 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?
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