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I need help please The following information applies to the questions displayed below] Selected comparative financial statements of Korbin Company follow 2013 $282,200 180,608 KORBIN
I need help please
The following information applies to the questions displayed below] Selected comparative financial statements of Korbin Company follow 2013 $282,200 180,608 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 Gross profit 211,266 152,087 Selling expenses 75,376 56,118 Administrative expenses 47.774 35,785 Total expenses 123,150 91,903 Income before taxes 88,116 60,184 12,338 Income taxes 16,390 $ Net Income 71,726 $ 47.846 101,592 37.250 23,423 60,673 40,919 8,307 $ 32,612 KORBIN COMPANY Comparative Balance Sheets December 31, 2015, 2014 and 2013 2015 2014 2013 $ 51,201 Assets Current assets Long-term investments Plant assets, net $ 40,059 800 99,787 $ 53,549 4,620 58,356 93,640 $ 144,841 $ 140,646 $ 116,525 Total assets $ Liabilities and Equity Current liabilities Common stock Other paid 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 $ 144,841 $ 140,646 $ 116,525 Total liabilities and equity Complete the below table to calculate each year's current ratio. Current Ratio Choose Numerator: Choose Denominator: = 2015 2014 2013 Current ratio Current ratio 0 to 1 0 to 1 0 to 1 Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) 2013 KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 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 100.00 % 100.00 100.00 100.00 % Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 100.00% 100.00 100.00 100.00 100.00 %
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