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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% 105.0%
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% | 105.0% | 103.8% | 100.0% |
Cost of goods sold | 63.1 | 60.9 | 56.7 | 116.9 | 111.5 | 100.0 |
Operating expenses | 14.4 | 13.9 | 14.2 | 106.6 | 101.6 | 100.0 |
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.)
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