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Problem 13-2A (Statle) Retlos, common-slze statements, and trend percents LO P1, P2, P3 [The following information applies to the questions dlsplayed below.] Selected comparative financlal
Problem 13-2A (Statle) Retlos, common-slze statements, and trend percents LO P1, P2, P3 [The following information applies to the questions dlsplayed below.] Selected comparative financlal statements of Korbin Company follow. Problem 13-2A (Static) Part 1 Required: 1. Complete the below table to calculate each year's current ratio. Problem 13-2A (Stat|c) Part 2 2 Complete the below table to calculate Income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) Selected comparative financlal statements of Korbin Company follow. Problem 13-2A (Static) Part 3 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. (Round your percentage answers to 2 decimal places.) Required information Problem 13-2A (Stetlc) Retlos, common-slze stetements, and trend percents LO P1, P2, P3 [The following information applies to the questions displayed below.] Selected comparative financlal statements of Korbin Company follow. Problem 13-2A (Statlc) Part 4 4. Refer to the results from parts 1,2 , and 3 . (a) Did cost of goods sold make up a greater portlon of sales for the most recent year compared to the prior year? Yes No Yes No (b) Did income as a percent of sales improve In the most recent year compared to the prlor year? Yes No (c) Did plant assets grow over this perlod? Yes No
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