KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 2013 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 100.00% 100.00% 100.00 60.20 39.80 14.20 9.00 23.20 16.60 3.09 62.80 37.20 13.80 8.80 22.60 4.60 2.99 11.61% 64.00 36.00 13.20 8.30 21.50 14.50 2.94 13.51 % 11.56%