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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 Cost of goods sold Operating expenses Current Year 100.0% 63.3 14.3 1 Year 2 Years Current 1 Year 2 Years Ago 100.0% 61.1 13.8 Ago 100.0% 57.8 14.1 Year 104.6% 114.6 106.2 Ago 103.4 Ago 100.0% 109.3 100.0 101.2 100.0 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 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 >
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