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I can't quiet figure this one out i need help please Part of 4 10 Problem 13-2A (Algo) Ratios, common-size statements, and trend percents LO
I can't quiet figure this one out i need help please
Part of 4 10 Problem 13-2A (Algo) Ratios, common-size statements, and trend percents LO P1, P2, P3 The following information applies the questions displayed below) Selected comparative financial statements of Korbin Company follow KORUTN COMPANY Comparative Income statements For Year Ended December 31 2021 2020 2019 Sales 5 36.724 # 293,14 $ 204,000 Coat of goods sold 231,002 165.785 130,160 Gross profit 152.722 100,17 73,440 Selling expenses 54,489 40.567 Administrative expenses 34,535 25.069 15.2.12 Total expenses 19,024 66,00 01.060 Income before taxea 63,693 418,743 29,500 Income tax expen 11.40 6,005 Net Income $ 51,850 $ 33,186 $ 23,575 26,928 References 1.557 2019 KORBTW COMPANY Comparative Balance sheets December 31 2021 2920 Assets Current assets $ 56,332 $ 37,704 Long-term investments . 100 Plant asta, net 106,611 35,197 Total aseta $ 160,950 $ 133,701 Liabilities and Equity Current liabilities $ 23,499 $ 19,921 Common stock 64.000 64,000 other paid-in capital 8,000 8,000 Retained in 4100 Total Lilities and equity $ 160,950 $ 133,701 $ $0.401 4,590 55.2010 5. 110,771 $ 19,385 46,000 5.111 40 275 $ 110,771 Save & Sunt 4 Problem 13-2A (Algo) Part 3 Cechy Part 4 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base your (Round your percentage answers to 2 decimal places.) 10 points KORBIN COMPANY Balance Sheet Data in Trend Percent December 31, 2021, 2020 and 2010 2021 eBook 2020 References 2010 100.00 100.00 100.00 100001 % Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current les Common stock Other paid-in capital Retained earnings Total abilities and equity 100.00 100,00 100.00 100.00 100.00 % Step by Step Solution
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