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I need help please Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and
I need help please
Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 Sales $ 530,818 $ 406,650 Cost of goods sold 319,552 254,563 2013 $ 282,200 180,608 Gross profit Selling expenses Administrative expenses 211,266 75,376 47.774 152,087 56,118 35.785 101,592 37,250 23,423 Total expenses 123,150 91,903 60.673 Income before taxes Income taxes 88,116 16,390 60.184 12,338 40,919 8,307 Net Income $ 71,726 $ 47,846 $ 32,612 KORBIN COMPANY Comparative Balance Sheets December 31, 2015, 2014, and 2013 2015 2014 2013 Assets Current assets Long-term Investments Plant assets, net $ 51,201 $ 40,059 800 99,787 $ 53,549 4,620 58.356 93,640 Total assets $ 144,841 $ 140,646 $116,525 $ Liabilities and Equity Current liabilities Common stock Other pald-in capital Retained earnings 21,147 64,000 8,000 51,694 $ 20,956 64,000 8.000 47.690 $ 20,392 46,000 5,111 45,022 Total liabilities and equity $ 144,841 $ 140,646 $ 116,525 Complete the below table to calculate each year's current ratio. Current Ratio 1 Choose Denominator: Choose Numerator: Current ratio 2015 2014 11111111 Current ratio to 1 to 1 to 1 2013 Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) 2014 2013 KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income Complete the below table to calculate the balance sheet data in trend percents with 2013 as the base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2015, 2014, and 2013 2015 2014 2013 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities 100.00 % 100.00 100.00 100.00 % Common stock Other paid-in capital 100.00 % 100.00 100.00 100.00 100.00% Retained earnings Total liabilities and equity
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