Comment on the results of the trend and common-size analysis for Korbin Company.This should be a generalized observation of the changes over the three years for different elements on each type of statement, i.e., gross profit, total assets, etc.(Your answer should be approximately one-half page and encompass a paragraph or two on each statement type.)

3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base year. (ROI percentage answers to 2 decimal places.) _I_I_l Long-term investments ml 13.40 I 100.00 I Total assets w _l_I-l II_3l Other paid-in capital Retained earnings Total liabilities and equity 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) Cost of goods sold m.- Gross prot Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 13.52 11.61 % 11.56 %