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Exercise 17-5 (Algo) Determining income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Roxi Company's sales, cost of
Exercise 17-5 (Algo) Determining income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents; Trend Percents Sales Current Year 100.0% 1 Year 2 Years Current 1 Year 2 Years. Ago 100.0% Cost of goods sold Operating expenses 63.2 14.4 61.0 13.9 Ago 100.0% 56.9 14.2 Year 105.18 Ago 103.99 Ago 100.0% 116.7 106.7 111.4 100.0 101.7 100.0 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? Change In Net Income Net Income > Change in Net Income Net Income. Determine the net income for the following years. Assuming sales were $100,000 2 yrs ago, what is net income in each year? Note: Enter all amounts as positive values. Current Year 1 Year Ago 2 Years Ago Sales $ 100,000 Cost of Goods Sold 56,900 Operating Expenses Net Income 14,200 $ 28,900. < Change in Net Income Net Income
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