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Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Operating expenses Common-Size Percents Current
Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Operating expenses Common-Size Percents Current 1 Year 2 Years Year Ago Ago 100.00 100.0% 100.0% 63.4 61.2 56.7 14.2 13.7 14.0 Trend Percents Current 1 Year 2 Years Year Ago Ago 103.98 102.78 100.0% 116.2 110.9 100.0 105.4 100.5 100.0 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 Net Income 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 1 Year Ago Sales 2 Years Ago 2 $ 100,000 56,700 14,000 Cost of Goods Sold Operating Expenses Net Income $ 29,300
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