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Requlred Information [The following Information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. Requlred: 1. Complete the below table
Requlred Information [The following Information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. Requlred: 1. Complete the below table to calculate each year's current ratlo. 2. Complete the below table to calculate Income statement data In common-slze percents. Note: Round your percentage answers to 2 declmal places. 3. Complete the below table to calculate the balance sheet data In trend percents with 2019 as base year. Note: Round your percentage answers to 2 decimal places. 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
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