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

Transcribed Image Text:

Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents Current 1 Year 2 Years Current 1 Year 2 Years Year Sales 100.0% Ago 100.0% Ago 100.0% Year Ago Ago 104.3% 103.1% 100.0% Cost of goods sold 63.3 61.1 Operating expenses 14.3 13.8 56.5 14.1 116.9 105.8 111.5 100.0 100.9 100.0 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 Determine the net income for the following years. Assuming sales were $100,000 2 yrs ago, what is net income in each year? Note: Enter all amounts as positive values. Sales Cost of Goods Sold Operating Expenses Net Income Current Year 1 Year Ago 2 Years Ago $ 100,000 56,500 14,100 29,400 Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents Current 1 Year 2 Years Current 1 Year 2 Years Year Sales 100.0% Ago 100.0% Ago 100.0% Year Ago Ago 104.3% 103.1% 100.0% Cost of goods sold 63.3 61.1 Operating expenses 14.3 13.8 56.5 14.1 116.9 105.8 111.5 100.0 100.9 100.0 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 Determine the net income for the following years. Assuming sales were $100,000 2 yrs ago, what is net income in each year? Note: Enter all amounts as positive values. Sales Cost of Goods Sold Operating Expenses Net Income Current Year 1 Year Ago 2 Years Ago $ 100,000 56,500 14,100 29,400