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 103.6% 109.9 101.4 Sales Cost of goods sold Operating expenses Change in Net Income Current Year 100.0% 63.5 14.4 Net Income 1 Year 2 Years Ago Ago 100.0% 100.0% 61.3 57.8 13.9 14.2 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. Sales Cost of Goods Sold Operating Expenses Net Income Current Year 104.8% 115.1 106.4 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. Current Year 1 Year Ago 2 Years Ago S 105,000 $ 103,800 $ 100,000 57,800 14,200 28,000 Change in Net Income $ 2 Years Ago 100.0% 100.0 100.0 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. Common-Size Percents Trend Percents 1 Year Ago 103.6% 109.9 101.4 Sales Cost of goods sold Operating expenses Change in Net Income Current Year 100.0% 63.5 14.4 Net Income 1 Year 2 Years Ago Ago 100.0% 100.0% 61.3 57.8 13.9 14.2 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. Sales Cost of Goods Sold Operating Expenses Net Income Current Year 104.8% 115.1 106.4 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. Current Year 1 Year Ago 2 Years Ago S 105,000 $ 103,800 $ 100,000 57,800 14,200 28,000 Change in Net Income $ 2 Years Ago 100.0% 100.0 100.0 Net Income
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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