Q.3 Roxi Company

Commonsize and trend percents for Ron-ti Company's sales, cost of goods sold. and expenses follow. Common-Size Percents Trend Percent: Current 2 Years Current 2 Years Year 1 Year Ago Ago Year 1 Veer gs RED Sales 188 . 896 188 . 8% 188 . 896 184-. 3% 183 . 5% 188 . 896 Cost DF goods sold 63.2 61.8 56.1 113.8 112.5 188.8 Operating expenses 14.3 13.3 14.1 185.3 181.3 188.8 Determine the net income for the following years. Did the net income increase, decrease. or remain unchanged in this three-year penod