Question
Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents Current Year 1 Year Ago 2
Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow.
| Common-Size Percents | Trend Percents | |||||
|---|---|---|---|---|---|---|
| Current Year | 1 Year Ago | 2 Years Ago | Current Year | 1 Year Ago | 2 Years Ago | |
| Sales | 100.0% | 100.0% | 100.0% | 105.4% | 104.2% | 100.0% |
| Cost of goods sold | 63.4 | 61.9 | 59.1 | 113.1 | 109.1 | 100.0 |
| Operating expenses | 15.3 | 14.8 | 15.1 | 106.8 | 102.1 | 100.0 |
Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period?
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Commercial Energy Auditing Referance Handbook
Authors: Steve Doty
1st Edition
0881736481, 978-0881736489
