of 2 Required information Problem 13-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies to the questions displayed below. Selected comparative financial statements of Korbin Company follow: ok KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $445, 233 $341, 085 $236, 700 Cost of goods sold 268, 030 214, 884 151, 488 Gross profit 177, 203 126,201 85,212 Selling expenses 63, 223 47,070 31, 244 Administrative expenses 40,071 30, 015 19, 646 Total expenses 103, 294 77,085 50, 890 Income before taxes 73,909 49, 116 34, 322 Income taxes 13, 747 10.069 6, 967 Net income $ 60, 162 $ 39,047 $ 27, 355 KORRIN COMPANY 4. art 2 of 2 7 ints KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets $ 45, 620 $ 35, 692 $ 47, 712 Long-term investments 500 3,570 Plant assets, net 87,383 92, 959 55, 720 Total assets $133,003 $129, 151 $107,002 Liabilities and Equity Current liabilities $ 19,418 $ 19, 243 $ 18,725 Common stock 65,000 65,000 47,000 Other paid in capital 8,125 8, 125 5, 222 Retained earnings 40, 460 36, 783 36,055 Total liabilities and equity $133, 003 $129, 151 $107.002 eBook Problem 13-2A Part 3 3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base year. (Round your percentage answers to 2 decimal places.) aw Chapter 13: Homework 4 Required information Part 2 of 2 KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2017, 2016 and 2015 2017 2016 2015 16.7 points Assets 34.29% 100.00 % eBook Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities 100.00 100.00 100.00% Print 12 94 100.00 % 100.00 Common stock 100.00 Other paid-in capital Retained earnings Total liabilities and equity 100.00 100.00 % Mc