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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 Current Year Sales 100.0 Year Ago 100.00 2 Years Current Trend Percents 1 Year 2 Years Ago 100.0% Year Ago 104.36 103.19 Ago 100.0% Cost of goods sold Operating expenses 6316 14.3 61.4 13.8 58.0 14.1 114.4 105. 109.1 100.0 100.9 100.0 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?
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