Exercise 13-5 (Algo) Determining income effects from common-size and trend percents LO P1, P2 Common-size and...

 

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Exercise 13-5 (Algo) Determining income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Sales Current Year 100.0% Cost of goods sold Operating expenses 63.6 14.4 1 Year Ago 100.0% 61.4 $13.9 2 Years Ago 100.0% 56.9 Current Trend Percenta 1 Year 2 Years Year Ago Ago 105.21 104.0% 100.0% 14.2 117.6 106.8 112.2 100.0 101.8 100.0 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? (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 56,900 14,200 28,900 Exercise 13-5 (Algo) Determining income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Sales Current Year 100.0% Cost of goods sold Operating expenses 63.6 14.4 1 Year Ago 100.0% 61.4 $13.9 2 Years Ago 100.0% 56.9 Current Trend Percenta 1 Year 2 Years Year Ago Ago 105.21 104.0% 100.0% 14.2 117.6 106.8 112.2 100.0 101.8 100.0 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? (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 56,900 14,200 28,900