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Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents 1 Year Ago 100.0 Trend Percents 1
Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents 1 Year Ago 100.0 Trend Percents 1 Year Ago 102.78 Current 2 Years Ago 100.08 2 Years Ago 100.0 Current Year 100.0% Year Sales Cost of goods sold Operating expenses 103.9% 56.7 116.2 63.4 14.2 61.2 110.9 100.5 100.0 13.7 14.0 105.4 100.0 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 foilowing years. Assuming sales were $100,000 2 yrs ago, what is net income in each year? (Enter all amounts as positive values.) Current Year 1 Year Ago 2 Years Ago Sales 100,000 Cost of Goods Sold 56,700 Operating Expenses 14,000 Net Income 24 29,300
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