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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. Common-Size Percents 1 Year Ago 100.0% 61.2 13.8 Sales Cost of goods sold Operating expenses Current Year 100.0% 63.4 14.3 Change in Net Income Net Income Trend Percents 1 Year Ago 103.4% 109.5 101.2 2 Years Current Ago Year 100.0% 104.6% 57.8 114.7 14.1 106.2 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. Did the net income increase, decrease, or remain unchanged in this three-year period? Did the net income increase, decrease, or remain unchanged in this three-year period? < Change in Net Income 2 Years Ago 100.0% 100.0 100.0 Net Income > 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. Trend Percents 1 Year Ago 103.4% 109.5 101.2 Sales Cost of goods sold Operating expenses Change in Net Income Common-Size Percents Net Income Current Year 100.0% 63.4 14.3 Sales Cost of Goods Sold Operating Expenses Net Income 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. 1 Year 2 Years Current Year 104.6% 114.7 106.2 Ago 100.0% 61.2 13.8 Current Year Ago 100.0% 57.8 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? (Enter all amounts as positive values.) 1 Year Ago < Change in Net Income 2 Years Ago $ $ 2 Years Ago 100.0% 100.0 100.0 100,000 57,800 14,100 28,100 Net Income

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. Common-Size Percents 1 Year Ago 100.0% 61.2 13.8 Sales Cost of goods sold Operating expenses Current Year 100.0% 63.4 14.3 Change in Net Income Net Income Trend Percents 1 Year Ago 103.4% 109.5 101.2 2 Years Current Ago Year 100.0% 104.6% 57.8 114.7 14.1 106.2 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. Did the net income increase, decrease, or remain unchanged in this three-year period? Did the net income increase, decrease, or remain unchanged in this three-year period? < Change in Net Income 2 Years Ago 100.0% 100.0 100.0 Net Income > 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. Trend Percents 1 Year Ago 103.4% 109.5 101.2 Sales Cost of goods sold Operating expenses Change in Net Income Common-Size Percents Net Income Current Year 100.0% 63.4 14.3 Sales Cost of Goods Sold Operating Expenses Net Income 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. 1 Year 2 Years Current Year 104.6% 114.7 106.2 Ago 100.0% 61.2 13.8 Current Year Ago 100.0% 57.8 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? (Enter all amounts as positive values.) 1 Year Ago < Change in Net Income 2 Years Ago $ $ 2 Years Ago 100.0% 100.0 100.0 100,000 57,800 14,100 28,100 Net Income

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 87PSB
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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. Common-Size Percents 1 Year Ago 100.0% 61.2 13.8 Sales Cost of goods sold Operating expenses Current Year 100.0% 63.4 14.3 Change in Net Income Net Income Trend Percents 1 Year Ago 103.4% 109.5 101.2 2 Years Current Ago Year 100.0% 104.6% 57.8 114.7 14.1 106.2 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. Did the net income increase, decrease, or remain unchanged in this three-year period? Did the net income increase, decrease, or remain unchanged in this three-year period? < Change in Net Income 2 Years Ago 100.0% 100.0 100.0 Net Income >
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. Common-Size Percents 1 Year Ago 100.0% 61.2 13.8 Sales Cost of goods sold Operating expenses Current Year 100.0% 63.4 14.3 Change in Net Income Net Income Trend Percents 1 Year Ago 103.4% 109.5 101.2 2 Years Current Ago Year 100.0% 104.6% 57.8 114.7 14.1 106.2 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. Did the net income increase, decrease, or remain unchanged in this three-year period? Did the net income increase, decrease, or remain unchanged in this three-year period? < Change in Net Income 2 Years Ago 100.0% 100.0 100.0 Net Income >
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. Trend Percents 1 Year Ago 103.4% 109.5 101.2 Sales Cost of goods sold Operating expenses Change in Net Income Common-Size Percents Net Income Current Year 100.0% 63.4 14.3 Sales Cost of Goods Sold Operating Expenses Net Income 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. 1 Year 2 Years Current Year 104.6% 114.7 106.2 Ago 100.0% 61.2 13.8 Current Year Ago 100.0% 57.8 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? (Enter all amounts as positive values.) 1 Year Ago < Change in Net Income 2 Years Ago $ $ 2 Years Ago 100.0% 100.0 100.0 100,000 57,800 14,100 28,100 Net Income
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. Trend Percents 1 Year Ago 103.4% 109.5 101.2 Sales Cost of goods sold Operating expenses Change in Net Income Common-Size Percents Net Income Current Year 100.0% 63.4 14.3 Sales Cost of Goods Sold Operating Expenses Net Income 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. 1 Year 2 Years Current Year 104.6% 114.7 106.2 Ago 100.0% 61.2 13.8 Current Year Ago 100.0% 57.8 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? (Enter all amounts as positive values.) 1 Year Ago < Change in Net Income 2 Years Ago $ $ 2 Years Ago 100.0% 100.0 100.0 100,000 57,800 14,100 28,100 Net Income
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