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, 2015, 2014, and 2013 2015 321,251 212,389 2013 181,568 102,132 23,547 60,995 41,137 2014 Sales Cost of goods sold 533,640 408,812 283,700 258,778 150,03437448 Gross proft Selling expenses Administrative expenses 75,777 56,416 35,975 92,391 57,643 Total expenses 23,805 Income before taxes Income taxes 88,584 16,477 11,817 8,351 Net income $ 72,107 45,826 32,786 KORBIN COMPANY Comparative Balance Sheets December 31, 2015, 2014, and 2013 2015 2014 2013 Assets Current assets Long-term investments $52,592 41147 55,004 0 800 4,620