Book Hint rint rences Common size and trend percents for Roxi Company s sales cost of goods sold and expenses follow Sales Cost

Question

Book Hint rint rences 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 Net Income Common Size Percents Sales Cost of Goods Sold Operating Expenses Net Income Current Year 100 0 63 2 14 3 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 Trend Percents 1 Year 2 Years Current 1 Year 2 Years Year Ago 104 78 103 5 116 3 111 0 106 3 101 3 Ago 100 0 61 0 13 8 Current Year 104 700 66 284 15 033 23 383 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 Ago 100 0 56 9 14 1 1 Year Ago 101 159 61 780 13 979 25 400 no In Net Ingeme Ago 100 0 100 0 100 0 2 Years Ago 100 000 56 900 14 100 29 000

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