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can you help me with this question . Problem 13-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies to

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can you help me with this question .

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Problem 13-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 444, 857 $ 340 , 797 $ 236, 500 Cost of goods sold 267,804 214, 702 151,360 Gross profit 177, 053 126,095 85, 140 Selling expenses 63, 170 47,030 31, 218 Administrative expenses 40,037 29,990 19, 630 Total expenses 103, 207 77, 020 50,848 Income before taxes 73, 846 49, 075 34,292 Income tax expense 13,735 10,060 6,961 Net income $ 60, 111 $ 39, 015 $ 27,331 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 55, 877 $ 37,399 $ 49,993 Long-term investments 1, 000 4, 310 Plant assets, net 102, 191 92,907 54, 484 Total assets $ 158, 068 $ 131, 306 $ 108, 787 Liabilities and Equity Current liabilities $ 23, 078 $ 19,565 $ 19,038 Common stock 70, 000 70, 000 52,000 Other paid-in capital 8, 750 8, 750 5, 778 Retained earnings 56, 240 32 , 991 31, 971 Total liabilities and equity $ 158, 068 $ 131, 306 $ 108, 787Problem 13-211 Part 4 4. Refer to the results from parts 1, 2, and 3. {it} Did cast of goods sold make up a greater portion of sales for the most recent year

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