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Required information [ The following information applies to the questions displayed below. ] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income
Required information 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 $ $ $ $ Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income KORBIN COMPANY Comparative Balance Sheets Assets Current assets Longterm investments Plant assets, net Total assets December Liabilities and Equity Current liabilities Common stock Other paidin capital Retained earnings Total liabilities and equity Assets Current assets Longterm investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paidin capital Retained earnings Total liabilities and equity $ $ $ $ $ $ Complete the below table to calculate the balance sheet data in trend percents with as base year. Note: Round your percentage answers to decimal places. KORBIN COMPANY Balance Sheet Data in Trend Percents December and $ $ $ $ $ $ $ $
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