Question
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 |
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Current assets | $ | 52,866 |
| $ | 41,361 |
| $ | 55,290 |
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Long-term investments |
| 0 |
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| 600 |
|
| 4,700 |
|
Plant assets, net |
| 99,704 |
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| 106,190 |
|
| 62,753 |
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Total assets | $ | 152,570 |
| $ | 148,151 |
| $ | 122,743 |
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Liabilities and Equity |
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Current liabilities | $ | 22,275 |
| $ | 22,074 |
| $ | 21,480 |
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Common stock |
| 65,000 |
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| 65,000 |
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| 47,000 |
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Other paid-in capital |
| 8,125 |
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| 8,125 |
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| 5,222 |
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Retained earnings |
| 57,170 |
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| 52,952 |
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| 49,041 |
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Total liabilities and equity | $ | 152,570 |
| $ | 148,151 |
| $ | 122,743 |
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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.)
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