Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size...
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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 2 Years Sales Year 100.0% 1 Year Ago Cost of goods sold Operating expenses 63.3 14.4 100.0% 61.1 13.9 Ago 100.0% Current Year 105.0% 2 Years 1 Year Ago Ago 58.1 14.2 114.4 106.6 103.8% 109.2 101.6 100.0% 100.0 100.0 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 58,100 14,200 $ 27,700 < Change in Net Income Net Income > Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents Current 2 Years Sales Year 100.0% 1 Year Ago Cost of goods sold Operating expenses 63.3 14.4 100.0% 61.1 13.9 Ago 100.0% Current Year 105.0% 2 Years 1 Year Ago Ago 58.1 14.2 114.4 106.6 103.8% 109.2 101.6 100.0% 100.0 100.0 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 58,100 14,200 $ 27,700 < Change in Net Income Net Income >
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