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:

KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017, 2016, and 2015
	2017			2016			2015
Sales	$	480,407		$	368,031		$	255,400
Cost of goods sold		289,205			232,596			163,456
Gross profit		191,202			135,435			91,944
Selling expenses		68,218			50,788			33,713
Administrative expenses		43,237			32,387			21,198
Total expenses		111,455			83,175			54,911
Income before taxes		79,747			52,260			37,033
Income taxes		14,833			10,713			7,518
Net income	$	64,914		$	41,547		$	29,515

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2017, 2016, and 2015
	2017			2016			2015
Assets
Current assets	$	50,804		$	39,748		$	53,134
Long-term investments		0			700			3,180
Plant assets, net		92,913			99,107			59,307
Total assets	$	143,717		$	139,555		$	115,621
Liabilities and Equity
Current liabilities	$	20,983		$	20,794		$	20,234
Common stock		65,000			65,000			47,000
Other paid-in capital		8,125			8,125			5,222
Retained earnings		49,609			45,636			43,165
Total liabilities and equity	$	143,717		$	139,555		$	115,621

Problem 13-2A Part 2

2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)