Common - size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow.

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Common

-

size and trend percents for Roxi Company\'s sales, cost of goods sold, and expenses follow.

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 % 104.3 % 103.1 % 100.0 %

Cost of goods sold

63.461.256.6116.8111.5100.0

Operating expenses

14.313.814.1105.8100.9100.0

Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three

-

year period?

Determine the net income for the following years. Assuming sales were $

100, 0002

yrs ago, what is net income in each year?

Related Book For answer-question

Fundamental Accounting Principles

ISBN: 978-1259916960

24th edition

Authors: John J Wild, Ken Shaw

See More Books

Posted Date: May 09, 2024 09:02 AM

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Common - size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow.

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Okay lets calculate the net income for each year assuming that sales were 100000 two years ago Given ... View the full answer

Fundamental Accounting Principles

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