Just wanted to run my final work through someone to make sure all my calculations are correct. Or if not how to come to the right answer. Please indicate if there are changes that I need to make and lead me to getting the correct answer.

Selected comparative financial statements of Korbin Company follow

KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2016, 2015, and 2014
			2016				2015				2014
Sales		$	450,688			$	345,264			$	239,600
Cost of goods sold			271,314				218,207				153,344
Gross profit			179,374				127,057				86,256
Selling expenses			63,998				47,646				31,627
Administrative expenses			40,562				30,383				19,887
Total expenses			104,560				78,029				51,514
Income before taxes			74,814				49,028				34,742
Income taxes			13,915				10,051				7,053
Net income		$	60,899			$	38,977			$	27,689

KORBIN COMPANY

Comparative Balance Sheets

December 31, 2016, 2015, and 2014

2016

2015

2014

Assets

Current assets

$

48,835

$

38,207

$

51,074

Long-term investments

0

400

4,870

Plant assets, net

92,103

98,249

57,441

Total assets

$

140,938

$

136,856

$

113,385

Liabilities and Equity

Current liabilities

$

20,577

$

20,392

$

19,842

Common stock

64,000

64,000

46,000

Other paid-in capital

8,000

8,000

5,111

Retained earnings

48,361

44,464

42,432

Total liabilities and equity

$

140,938

$

136,856

$

113,385

1. Complete the below table to calculate each year's current ratio.

Current Ratio
	Choose Numerator:	/	Choose Denominator:	=	Current ratio
	Current assets	/	Current liabilities	=	Current ratio
2016	$48,835	/	$20,577	=	2.4	to 1
2015	$38,207	/	$20,392	=	1.9	to 1
2014	$51,074	/	$19,842	=	2.6	to 1

2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)

KORBIN COMPANY
Common-Size Comparative Income Statements
For Years Ended December 31, 2016, 2015, and 2014
	2016		2015		2014
Sales	100.00	%	100.00	%	100.00	%
Cost of goods sold	60.20	1	63.20	1	64.00	1
Gross profit	39.80		36.80		36.00
Selling expenses	14.20	1	13.80	1	13.20	1
Administrative expenses	9.00	1	8.80	1	8.30	1
Total expenses	23.20		22.60		21.50
Income before taxes	16.60	1	14.20	1	14.50	1
Income taxes	3.09	1	2.91	1	2.94	1
Net income	13.51	%	11.29	%	11.56	%

3. Complete the below table to calculate the balance sheet data in trend percents with 2014 as the base year. (Round your percentage answers to 2 decimal places.)

KORBIN COMPANY
Balance Sheet Data in Trend Percents
December 31, 2016, 2015, and 2014
	2016		2015		2014
Assets
Current assets	95.62	%	74.81	%	100.00	%
Long-term investments	0.00		8.21		100.00
Plant assets, net	160.34		171.04		100.00
Total assets	124.30	%	120.70	%	100.00	%
Liabilities and Equity
Current liabilities	103.70	%	102.77	%	100.00	%
Common stock	139.13		139.13		100.00
Other paid-in capital	156.53		156.53		100.00
Retained earnings	113.97		104.79		100.00
Total liabilities and equity	124.30	%	120.70	%	100.00	%