Required information [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. 4. Refer to the results from parts 1,2 , and 3. (a) Did cost of goods sold make up a greater portion of sales for the most recent year compared to the prior year? Yes No 4. Refer to the results from parts 1,2 , and 3 . (a) Did cost of goods sold make up a greater portion of sales for the most recent year compared to the prior year? Yes No (b) Did income as a percent of sales improve in the most recent year compared to the prior year? Yes No (c) Did plant assets grow over this period? Yes No