Common-size and trend percents for Roxi Company’s sales, cost of goods sold, and expenses follow. Determine whether net income increased, decreased, or remained unchanged in this three-year period. Common-Size PercentsTrend PercentsCurrent Yr 1 Yr Ago 2 Yrs Ago Current Yr 1 Yr Ago 2 Yrs AgoSales...100.0%100.0%100.0%105.4%104.2%100.0%Cost of goods sold.63.461.959.1113.1109.1100.0Total expenses..15.314.815.1106.8102.1100.0

A common size income statement is an income statement in which each line item is expressed as a…

Common-Size Percents Trend Percents Current Yr 1 Yr Ago 2 Yrs Ago Current Yr 1 Yr Ago 2 Yrs Ago Sales... 100.0% 100.0% 100.0% 105.4% 104.2% 100.0% Cost of goods sold. 63.4 61.9 59.1 113.1 109.1 100.0 Total expenses.. 15.3 14.8 15.1 106.8 102.1 100.0

Common-Size Percents Trend Percents Current Yr 1 Yr Ago 2 Yrs Ago Current Yr 1 Yr Ago 2 Yrs Ago Sales... 100.0% 100.0% 100.0% 105.4% 104.2% 100.0% Cost of goods sold. 63.4 61.9 59.1 113.1 109.1 100.0 Total expenses.. 15.3 14.8 15.1 106.8 102.1 100.0

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 23E: Thebes Company had the following information: What is the markup based on cost of goods sold? a....

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Question

Common-size and trend percents for Roxi Company’s sales, cost of goods sold, and expenses follow.
Determine whether net income increased, decreased, or remained unchanged in this three-year period.

Common-Size Percents
Trend Percents
Current Yr 1 Yr Ago 2 Yrs Ago Current Yr 1 Yr Ago 2 Yrs Ago
Sales...
100.0%
100.0%
100.0%
105.4%
104.2%
100.0%
Cost of goods sold.
63.4
61.9
59.1
113.1
109.1
100.0
Total expenses..
15.3
14.8
15.1
106.8
102.1
100.0

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