Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Sales Cost of goods sold Operating expenses Current Year 100.0% 63.4 15.3 Change in Net Net Income Income 1 Year Ago 100.0% 61.9 14.8 Sales Cost of Goods Sold Operating Expenses Net Income 2 Years Ago 100.0% 59.1 15.1 Complete this question by entering your answers in the tabs below. 1 Year Ago Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Current Year 105.4% 113.1 106.8 Trend Percents 1 Year Ago 2 Years Ago $ $ 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 EA 104.2% 109.1 102.1 100,000 59,100 15,100 25,800 2 Years Ago 100.0% 100.0 100.0

Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Sales Cost of goods sold Operating expenses Current Year 100.0% 63.4 15.3 Change in Net Net Income Income 1 Year Ago 100.0% 61.9 14.8 Sales Cost of Goods Sold Operating Expenses Net Income 2 Years Ago 100.0% 59.1 15.1 Complete this question by entering your answers in the tabs below. 1 Year Ago Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Current Year 105.4% 113.1 106.8 Trend Percents 1 Year Ago 2 Years Ago $ $ 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 EA 104.2% 109.1 102.1 100,000 59,100 15,100 25,800 2 Years Ago 100.0% 100.0 100.0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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