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rounding to 2 decimals places, thank you! KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 $537,402
rounding to 2 decimals places, thank you!
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 $537,402 $411,694 $285,700 323,516 259,779 182,848 213,886 151,915 102,852 76,311 56,814 37,712 48,366 36,229 23,713 124,677 93,043 61,425 89, 209 58,872 41,427 16,593 12,069 8,410 $ 72,616 $ 46,803 $ 33,017 2018 $ 55,421 $ 37,094 0 1,200 101,358 91,941 $156,779 $130,235 $ 22,890 63,000 7,875 $ 19,405 63,000 7,875 63,014 39,955 $156,779 $130,235 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2017 $49,585 4,860 53,455 $107,900 $ 18,883 45,000 5,000 39,017 $107,900 KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 0.00% 0.00 % % Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % 2017 0.00 % Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 % % % % 2018 % % de % % 2017 100.00 % 100.00 100.00 100.00 % 100.00 % 100.00 100.00 100.00 100.00 % Step by Step Solution
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