Exercise 17-5 (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. Sales Cost of goods sold Operating expenses Change in Net Net Income Income Common-Size Percents Current Year 100.0% 63.3 14.3 Sales Cost of Goods Sold Operating Expenses Net Income 1 Year 2 Years Current Year 104.7% 117.7 106.3 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-year period? Complete this question by entering your answers in the tabs below. Current Year Ago 100.0% 56.3 14.1 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. Trend Percents 1 Year Ago 2 Years Ago $ $ 1 Year 2 Years Ago Ago 103.5% 100.0% 112.3 100.0 101.3 100.0 100,000 56,300 14,100 29,600
Exercise 17-5 (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. Sales Cost of goods sold Operating expenses Change in Net Net Income Income Common-Size Percents Current Year 100.0% 63.3 14.3 Sales Cost of Goods Sold Operating Expenses Net Income 1 Year 2 Years Current Year 104.7% 117.7 106.3 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-year period? Complete this question by entering your answers in the tabs below. Current Year Ago 100.0% 56.3 14.1 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. Trend Percents 1 Year Ago 2 Years Ago $ $ 1 Year 2 Years Ago Ago 103.5% 100.0% 112.3 100.0 101.3 100.0 100,000 56,300 14,100 29,600
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Exercise 17-5 (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.
Sales
Cost of goods sold
Operating expenses
Change in Net
Income
Common-Size Percents
Trend Percents
Current 1 Year 2 Years Current 1 Year 2 Years
Year
Year
104.7%
117.7
106.3
Net Income
100.0%
63.3
14.3
Complete this question by entering your answers in the tabs below.
Sales
Cost of Goods Sold
Operating Expenses
Net Income
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-year
period?
Ago
100.0%
56.3
14.1
Current Year
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.
1 Year Ago
< Change in Net Income
2 Years Ago
$
Ago
103.5%
112.3
101.3
$
100,000
56,300
14,100
29,600
Ago
100.0%
100.0
100.0
Net Income](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc9fc7c00-4031-4360-b830-dbba4cd4305a%2F53c22d3a-d8a6-4bf1-9f19-5c697b6f185a%2Fxk3x98_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exercise 17-5 (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.
Sales
Cost of goods sold
Operating expenses
Change in Net
Income
Common-Size Percents
Trend Percents
Current 1 Year 2 Years Current 1 Year 2 Years
Year
Year
104.7%
117.7
106.3
Net Income
100.0%
63.3
14.3
Complete this question by entering your answers in the tabs below.
Sales
Cost of Goods Sold
Operating Expenses
Net Income
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-year
period?
Ago
100.0%
56.3
14.1
Current Year
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.
1 Year Ago
< Change in Net Income
2 Years Ago
$
Ago
103.5%
112.3
101.3
$
100,000
56,300
14,100
29,600
Ago
100.0%
100.0
100.0
Net Income
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