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KORBIN COMPANY Comparative Balance Sheets December 31, 2018, 2017, and 2016 2018 2017 2016 Assets Current assets $ 52,866 $ 41,361 $ 55,290 Long-term investments

KORBIN COMPANY

Comparative Balance Sheets

December 31, 2018, 2017, and 2016

2018

2017

2016

Assets

Current assets

$

52,866

$

41,361

$

55,290

Long-term investments

0

600

4,700

Plant assets, net

99,704

106,190

62,753

Total assets

$

152,570

$

148,151

$

122,743

Liabilities and Equity

Current liabilities

$

22,275

$

22,074

$

21,480

Common stock

65,000

65,000

47,000

Other paid-in capital

8,125

8,125

5,222

Retained earnings

57,170

52,952

49,041

Total liabilities and equity

$

152,570

$

148,151

$

122,743

Complete the below table to calculate the balance sheet data in trend percents with 2016 as the base year. (Round your percentage answers to 2 decimal places.)

KORBIN COMPANY

Balance Sheet Data in Trend Percents

December 31, 2018, 2017 and 2016

2018

2017

2016

Assets

Current assets

%

%

100.00

%

Long-term investments

100.00

Plant assets, net

100.00

Total assets

%

%

100.00

%

Liabilities and Equity

Current liabilities

%

%

100.00

%

Common stock

100.00

Other paid-in capital

100.00

Retained earnings

100.00

Total liabilities and equity

%

%

100.00

%

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