Problem 13-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 The falowang ewmation apples to the questons dispayed below Selected comparative financial state ments of Korbin Company follow: KORBIN COMPANY KORDIN COMPANY Common Siza Statemonts Comparative Incono Statenente | December For Years Ended Decomber 31, 2017, 2016, and 2015 For Years End and 2815 2017 2016 2015 2017 2016 2015 41,221 2245,288 Sales cost of goods sald Cus of goods sold 183,566 131.87 8,272 Grass profit inistralive expernses 20,352 1,ee 79,853 52,71 16 31.893 Seling expenses Total expenses Administrative expenses ore taxes val wapen 14,241 10.503 7,217 Inconc taxes In 62,322 40,731 $28,337 Net incone Net incme Comarative Balance shoets December 31, 2017, 24016, and 2015 2017 2016 2915 Assets 51,/ 4,449 54,8/1 Current assots stments 99.030 Plant assets, net 105,315 63.822 $1s.J8 $14. 364 Total assets $121,263 uit Cunsak 1iabilitior 22,87 21,8 21,221 Common stock 71,e 71,Be 53,Ba ital Retained earnines .681 41,153 48,848 Total liabilities and equity $15,738 $146, 364 $121,263