KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2019, 2018, and 2017
	2019			2018			2017
Sales	$	446,549		$	342,093		$	237,400
Cost of goods sold		268,822			213,808			151,936
Gross profit		177,727			128,285			85,464
Selling expenses		63,410			47,209			31,337
Administrative expenses		40,189			30,104			19,704
Total expenses		103,599			77,313			51,041
Income before taxes		74,128			50,972			34,423
Income tax expense		13,788			10,449			6,988
Net income	$	60,340		$	40,523		$	27,435

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2019, 2018, and 2017
	2019			2018			2017
Assets
Current assets	$	59,723		$	39,972		$	53,434
Long-term investments		0			600			4,610
Plant assets, net		110,913			101,174			59,393
Total assets	$	170,636		$	141,746		$	117,437
Liabilities and Equity
Current liabilities	$	24,913		$	21,120		$	20,551
Common stock		70,000			70,000			52,000
Other paid-in capital		8,750			8,750			5,778
Retained earnings		66,973			41,876			39,108
Total liabilities and equity	$	170,636		$	141,746		$	117,437

Current Ratio
	Choose Numerator:	/	Choose Denominator:	=	Current ratio
		/		=	Current ratio
2019		/		=	0	to 1
2018		/		=	0	to 1
2017		/		=	0	to 1

KORBIN COMPANY
Common-Size Comparative Income Statements
For Years Ended December 31, 2019, 2018, and 2017
	2019		2018		2017
Sales		%		%		%
Cost of goods sold		-1		-1		-1
Gross profit
Selling expenses		-1		-1		-1
Administrative expenses		-1		-1		-1
Total expenses
Income before taxes		-1		-1		-1
Income tax expense		-1		-1		-1
Net income		%		%		%

KORBIN COMPANY
Balance Sheet Data in Trend Percents
December 31, 2019, 2018 and 2017
	2019		2018		2017
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	%