Required information Problem 17-2A Ratios, common-size statements, and trend percents LO P1, P2, P 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 498,08 $381,57 $264,80 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 299, 850 242,301 169, 472 198,239 139,276 95, 328 70,729 52, 658 34,954 44,828 33,579 21,978 115,557 86,237 56, 932 82, 682 53,039 38, 396 15, 379 10,873 7,794 67,303 $42,166 $30,602 a e 5 f8 O/ 19 5