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

 

  

 

 

Transcribed Image Text:

Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Operating expenses Common-Size Percents 1 Year Ago Change in Net Net Income Income Current Year 100.0% 63.4 14.2 100.0% 61.2 13.7 Sales Cost of Goods Sold Operating Expenses Net Income 2 Years! Ago 100.0% 56.3 14.0 Complete this question by entering your answers in the tabs below. Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Current Year 103.8% 116.9 105.3 < Change in Net Income Trend Percents 1 Year Ago 102.6% 111.5 100.4 Determine the net income for the following years. Assuming sales were $100,000 2 yrs ago, what is net income in each year? (Enter all amounts as positive values.) Current Year 1 Year Ago 2 Years Ago $ $ 2 Years Ago 100.0% 100,000 56,300 14,000 29,700 100.0 100.0 Net Income > Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Sales Cost of goods sold Operating expenses Common-Size Percents 1 Year Ago Change in Net Net Income Income Current Year 100.0% 63.4 14.2 100.0% 61.2 13.7 Sales Cost of Goods Sold Operating Expenses Net Income 2 Years! Ago 100.0% 56.3 14.0 Complete this question by entering your answers in the tabs below. Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Current Year 103.8% 116.9 105.3 < Change in Net Income Trend Percents 1 Year Ago 102.6% 111.5 100.4 Determine the net income for the following years. Assuming sales were $100,000 2 yrs ago, what is net income in each year? (Enter all amounts as positive values.) Current Year 1 Year Ago 2 Years Ago $ $ 2 Years Ago 100.0% 100,000 56,300 14,000 29,700 100.0 100.0 Net Income >

Answer rating: 100% (QA)

To determine the net income for each year and analyze the change in net income over the threeyear pe... View the full answer