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 Year 1 Year Ago Sales 100.0% 100.0% Ago 100.0% Current Year 103.7% 2 Years 1 Year Ago Ago 102.5% 100.0% Cost of goods sold 63.3 61.1 56.7 115.8 110.5 100.0 Operating expenses 14.2 13.7 14.0 105.2 100.3 100.0 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 56,700 14,000 $ 29,300 < Change in Net Income Nachicome D
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 Year 1 Year Ago Sales 100.0% 100.0% Ago 100.0% Current Year 103.7% 2 Years 1 Year Ago Ago 102.5% 100.0% Cost of goods sold 63.3 61.1 56.7 115.8 110.5 100.0 Operating expenses 14.2 13.7 14.0 105.2 100.3 100.0 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 56,700 14,000 $ 29,300 < Change in Net Income Nachicome D
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 15BEA: Last year, Nikkola Company had net sales of 2,299,500,000 and cost of goods sold of 1,755,000,000....
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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
Year
1 Year Ago
Sales
100.0%
100.0%
Ago
100.0%
Current
Year
103.7%
2 Years
1 Year Ago
Ago
102.5%
100.0%
Cost of goods sold
63.3
61.1
56.7
115.8
110.5
100.0
Operating expenses
14.2
13.7
14.0
105.2
100.3
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
56,700
14,000
$
29,300
< Change in Net Income
Nachicome D](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb9bdc438-fd04-4a3b-8171-27f94d30ea60%2Ffeb6960f-eb84-4021-9bbb-a5a9742c0340%2Focd2g9_processed.png&w=3840&q=75)
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
2 Years
Year
1 Year Ago
Sales
100.0%
100.0%
Ago
100.0%
Current
Year
103.7%
2 Years
1 Year Ago
Ago
102.5%
100.0%
Cost of goods sold
63.3
61.1
56.7
115.8
110.5
100.0
Operating expenses
14.2
13.7
14.0
105.2
100.3
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
56,700
14,000
$
29,300
< Change in Net Income
Nachicome D
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