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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 Statements For
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 31, 2019, 2018, and 2017 2013 2017 $286.600 Cost of goods sold 258,532 183.424 Gross profit Selling expenses Adinistrative expenses 23,7 Total expenses Tacone before taxes Income tax expense Net Income $ 33,121 KORIN CON Comparative Balance Sheets December 11, 2009, 2010, and 2017 $ 6,49 $41.122 $ 56,970 Long-terenvestment Plant assets, net Total assets Liabilities and Equity Current liabilities 100,700 142,962 $ 172,095 5 118,444 25.126 $21.3015 69,000 51.000 Other paid in capital Total liabilities and equity 2. Complete the below table to calculate income statement data in common-size percents (Round your percentage answers to 2 decimal places) Required information KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income
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