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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 Trend Percents 1 Year Ago 1 Year Ago 100.0% 60.9 13.8 Sales Cost of goods sold Operating expenses Current Year 100.0% 63.1 14.3 Change in Net Net Income Income 2 Years Ago 100.0% 57.3 14.1 Current Year 104.2% 114.7 105.7 Complete this question by entering your answers in the tabs below. 103.0% 109.5 100.8 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? 2 Years Ago 100.0% 100.0 100.0 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.)

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 Trend Percents 1 Year Ago 1 Year Ago 100.0% 60.9 13.8 Sales Cost of goods sold Operating expenses Current Year 100.0% 63.1 14.3 Change in Net Net Income Income 2 Years Ago 100.0% 57.3 14.1 Current Year 104.2% 114.7 105.7 Complete this question by entering your answers in the tabs below. 103.0% 109.5 100.8 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? 2 Years Ago 100.0% 100.0 100.0 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.)

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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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 Net Income 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.) Current Year Sales Cost of Goods Sold Operating Expenses Net Income 1 Year Ago < Change in Net Income 2 Years Ago $ $ 100,000 57,300 14,100 28,600 Net Income
Transcribed Image Text: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 Net Income 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.) Current Year Sales Cost of Goods Sold Operating Expenses Net Income 1 Year Ago < Change in Net Income 2 Years Ago $ $ 100,000 57,300 14,100 28,600 Net Income
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 Trend Percents 1 Year Ago Sales Cost of goods sold i Operating expenses Common-Size Percents 1 Year Ago Current Year Change in Net Income 100.0% 63.1 14.3 100.0% 60.9 13.8 2 Years Ago 100.ex 57.3 14.1 Current Year 104.2% 114.7 105.7 Complete this question by entering your answers in the tabs below. 103.0% 109.5 100.8 2 Years Ago 100.0% Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? 100.0 100.0 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.)
Transcribed Image Text: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 Trend Percents 1 Year Ago Sales Cost of goods sold i Operating expenses Common-Size Percents 1 Year Ago Current Year Change in Net Income 100.0% 63.1 14.3 100.0% 60.9 13.8 2 Years Ago 100.ex 57.3 14.1 Current Year 104.2% 114.7 105.7 Complete this question by entering your answers in the tabs below. 103.0% 109.5 100.8 2 Years Ago 100.0% Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? 100.0 100.0 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.)
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