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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 1 Year 2 Years Current 1 Year 2 Years Year Ago Ago 104.78 103.58 100.0% 114.5 109.2 106.3 101.3 Sales Cost of goods sold Operating expenses Current Year 100.0% 63.3 14.3 Change in Net Income Ago 100.0% 61.1 13.8 Net Income Ago 100.0% 57.9 14.1 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-ye period? Complete this question by entering your answers in the tabs below. Did the net income increase, decrease, or remain unchanged in this three-year period? Did the net income increase, decrease, or remain unchanged in this three-year period? 100.0 100.0 Net Income >

Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents 1 Year 2 Years Current 1 Year 2 Years Year Ago Ago 104.78 103.58 100.0% 114.5 109.2 106.3 101.3 Sales Cost of goods sold Operating expenses Current Year 100.0% 63.3 14.3 Change in Net Income Ago 100.0% 61.1 13.8 Net Income Ago 100.0% 57.9 14.1 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-ye period? Complete this question by entering your answers in the tabs below. Did the net income increase, decrease, or remain unchanged in this three-year period? Did the net income increase, decrease, or remain unchanged in this three-year period? 100.0 100.0 Net Income >

FINANCIAL ACCOUNTING
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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Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Trend Percents Sales Cost of goods sold Operating expenses Common-Size Percents Change in Net Income Current Year 100.0% Net Income 63.3 14.3 1 Year 2 Years. Ago Ago 100.0% 100.0% 61.1 57.9 13.8 14.1 Current Year 104.7% 114.5 106.3 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? 1 Year 2 Years Ago Ago 100.0% 103.58 100.0 100.0 109.2 101.3 Did the net income increase, decrease, or remain unchanged in this three-year period? Did the net income increase, decrease, or remain unchanged in this three-year period? <Change in Not Income Net Income >
Transcribed Image Text:Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Trend Percents Sales Cost of goods sold Operating expenses Common-Size Percents Change in Net Income Current Year 100.0% Net Income 63.3 14.3 1 Year 2 Years. Ago Ago 100.0% 100.0% 61.1 57.9 13.8 14.1 Current Year 104.7% 114.5 106.3 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? 1 Year 2 Years Ago Ago 100.0% 103.58 100.0 100.0 109.2 101.3 Did the net income increase, decrease, or remain unchanged in this three-year period? Did the net income increase, decrease, or remain unchanged in this three-year period? <Change in Not Income Net Income >
Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Trend Percents 1 Year Ago 103.5% 109.2 101.3 Sales Cost of goods sold Operating expenses. Common-Size Percents Change in Net Income Current Year 100.0% 63.3 14.3 Sales Cost of Goods Sold Operating Expenses Net Income 1 Year 2 Years Current Year 104.78 114.5 106.3 Ago 100.0% 61.1 13.8 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-y period? Complete this question by entering your answers in the tabs below. Current Year Ago 100.0% 57.9 14.1 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.) 1 Year Ago 2 Years Ago $ 2 Years Ago 100.0% 100.0 100.0 $ 100,000 57,900 14,100 28,000
Transcribed Image Text:Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Trend Percents 1 Year Ago 103.5% 109.2 101.3 Sales Cost of goods sold Operating expenses. Common-Size Percents Change in Net Income Current Year 100.0% 63.3 14.3 Sales Cost of Goods Sold Operating Expenses Net Income 1 Year 2 Years Current Year 104.78 114.5 106.3 Ago 100.0% 61.1 13.8 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-y period? Complete this question by entering your answers in the tabs below. Current Year Ago 100.0% 57.9 14.1 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.) 1 Year Ago 2 Years Ago $ 2 Years Ago 100.0% 100.0 100.0 $ 100,000 57,900 14,100 28,000
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