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Please help, asap thanks! Required information Problem 17-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 IThe following information applies to the questions
Please help, asap
Required information Problem 17-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 IThe following information applies to the questions displayed below.) Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, ang 2017 2016 2015 Sales $ 536,885 $ 410,685 $285,000 Cost of goods sold 322 723 257,689 182,400 Gross profit 213,362 153,596 102,600 Selling expenses 76,124 56,675 37,620 Administrative expenses 48,248 36,140 23,655 Total expenses 124372 92,815 61,275 Income before taxes 88,990 68,781 41,325 Income taxes 16,552 12,460 8.389 Net Income $ 72,438 $ 48,321 S 32,936 KORBAN COMPANY Comparative Balance Sheets December 2017 2016, and 2015 Math & Calculus II.pdf atement Analysis Project Saved KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets $ 53,4075 41,784 $ 55,856 Long-term investments 1,299 4,400 Plant assets, net 100,725 106,684 63, 744 Total assets $ 154,132 $ 149,668 $ 124,000 Liabilities and Equity Current liabilities $ 22,503 $ 22,301 $ 21,700 Common stock 71,000 71,000 53,000 Other paid-in capital 8,875 8,875 5,889 Retained earnings 51,754 47, 492 43,411 Total liabilities and equity $ 154, 132 $ 149,668 $ 124,000 Problem 17-2A Part 2 2. Complete the below able to calculate income statement data n common-size percents (Round your percento decimal places.) BORINIAI Statement Analysis Project i Seved Required information 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) 2015 KORESIN COMPANY Common Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 Sales 96 % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxen Net income pdf Math 8 Calculus L.pdf Required information 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.) KORBIN COMPANY Balance Sheel Data in Trend Percents December 31, 2017, 2016 and 2015 2017 2016 2015 Assets Current assets Long-term investments 100.00 % 100.00 Plant assets, net 100.00 100,00 % 94 Total assets Liabilities and Equity Current liabilities Common stock Other pald-in capital Retained earnings Total liabilities and equity 100.00 100.00 10000 100.00 100.00% thanks!
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