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Required: 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) 3. Complete the
Required: 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)
3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base year. (Round your percentage answers to 2 decimal places.)
Eelected comparative financial statements of Koroin Compary folow: For Years Ended December 31, 2017, 2016, and 2015 2016 2017 342,38 17413152064 237,60 2- 269.04g Cost of g0ods scid Gross proft 5,5 17787124965 1,08 3445 Total expenses ncome before taxes ncome axes Nat incore 975 699 13800 2745 KORBIN CONPANY Comparative Ealarce Sheets December 31, 2017, 2016, and 2015 2015 2015 wwwwwwwwwwwwww.rs 51,394.r. r/_-.. .rns Current assets ://.439 r- Lors-erm investmerts Plant acsets, net 145,38 116.965 141,17 assets Liabitie ana Equity 21,03 67,00, 2046 49,000 Current labines Common stock Cther paic-n capital Ratained earnings Total labiites and equity 141,1 145,387|-- 116,965 KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales Cost of goods sold Gross profit Seling expenses Administrative Total expenses Income before taxes Income taxes Net income KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2017, 2016 and 2015 2017 2016 2015 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 100.001 % 100.00 100.00 100.001 % 100.001 % 100.00 100.00 100.00 100.001 %Step by Step Solution
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