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please help me with the answers that I have left (The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin
please help me with the answers that I have left
(The 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 2021 2020 Sales $ 389,743 $ 298,575 Cost of goods sold 234,625 188,998 Gross profit 155, 118 109,577 Selling expenses 55,344 41,203 Administrative expenses 35,077 26, 275 Total expenses 90,421 67,478 Income before taxes 64,697 42,899 Income tax expense 12,034 8,630 Net income $ 52,663 $ 33,469 2019 $ 207,200 132,608 74,592 27,350 17,198 44,548 30,044 6,099 $ 23,945 2019 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 Assets Current assets $ 57, 508 $ 38,490 Long-term investments 1,100 Plant assets, net 106,802 96,901 Total assets $ 164, 319 $ 136,491 Liabilities and Equity Current liabilities $ 23,989 $ 20,337 Common stock 63,000 63,000 Other paid in capital 7,875 7,875 Retained earnings 69,446 45, 279 Total liabilities and equity $ 164,310 $ 136,491 $ 51,453 4,170 57,460 $ 113,083 $ 19,790 45,000 5,000 43, 293 $ 113,083 Other paid in capital Retained earnings Total liabilities and equity 7,875 69,446 $164,310 7.875 45,279 $ 136,491 5,800 43, 293 $ 113,083 2. Complete the below table to calculate income statement data in common-size percents (Round your percentage answers to 2 decimal places.) Answer is not complete. KORBIN COMPANY Common Sire Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 10000 10000% Cost of goods sold 50 20 Group 39 80 Sing penes 1420 13 80 expenses 900 8.80 23 20 22.60 1650 309 1351 2019 100005 6400 36 00 13.20 8.30 2150 1450 294 1156 Step by Step Solution
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