selected comparative financial statements of korbin comapy follow

Wution applies to the questions displayed below Selected comparative financial statements of Korbin Company KAN COMPANY Comparative Income Statements For Year Ended December 31 2021 3030 Sales 555,000 3,000 Cost of oods sold 3535500 213 500 Gross profit 271,500 127,500 Selling expenses 102.900 46,920 Administrative expenses 50,56 29.920 Total expenses 153568 2640 Income before tas 117,982 Income tax expense 10, Net Inc $77,132 5:40.250 2012 $ 27,000 151 125.100 50, 22,00 ws 400 SAN 15,6 18,30 KORSIN COWY Cotive ince Sheets Doreen 31 2033 2018 $ 52,150 3. Assets Current Long term investeente Plant et net DEE CODY 152,10 134,434 $ SIT Listies and Equity Current lities Costock Other paid in a kind warning Yollins and $ 19, 22.00 . 13.00 9,000 10 14.40 A oints Required: 1. Complete the below table to calculate each year's current ratio eBook Print Current Ratio Denominator Current liabilities 1 1 References Numerator Current assets 2021 2020 2019 Current ratio Current ratio o tot Oto 1 0 101 1 1 Ints eBook Print 2019 References 100.00% KORBIN COMPANY Common-Size Comparative Incon Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 Sales 100.001% 100.00% Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense 20 96 Net income answers to 2 decimal places.) We we dance sheet data in trend percents with 2019 as base year (Round your perceninge KORBIN COMPANY Balance Sheet Data in Trend Pe December 31, 2021 2020 and 2019 2021 2020 2010 * 10000 100.00 100.00 100001 Assets Current assets Long-term investments Plant assets, not Total assets Liabilities and Equity Current libilities Common stock Other paid in capital Retained earings Total liabilities and equity 1000015 10000 100.00 100 DO 10000 D Wution applies to the questions displayed below Selected comparative financial statements of Korbin Company KAN COMPANY Comparative Income Statements For Year Ended December 31 2021 3030 Sales 555,000 3,000 Cost of oods sold 3535500 213 500 Gross profit 271,500 127,500 Selling expenses 102.900 46,920 Administrative expenses 50,56 29.920 Total expenses 153568 2640 Income before tas 117,982 Income tax expense 10, Net Inc $77,132 5:40.250 2012 $ 27,000 151 125.100 50, 22,00 ws 400 SAN 15,6 18,30 KORSIN COWY Cotive ince Sheets Doreen 31 2033 2018 $ 52,150 3. Assets Current Long term investeente Plant et net DEE CODY 152,10 134,434 $ SIT Listies and Equity Current lities Costock Other paid in a kind warning Yollins and $ 19, 22.00 . 13.00 9,000 10 14.40 A oints Required: 1. Complete the below table to calculate each year's current ratio eBook Print Current Ratio Denominator Current liabilities 1 1 References Numerator Current assets 2021 2020 2019 Current ratio Current ratio o tot Oto 1 0 101 1 1 Ints eBook Print 2019 References 100.00% KORBIN COMPANY Common-Size Comparative Incon Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 Sales 100.001% 100.00% Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense 20 96 Net income answers to 2 decimal places.) We we dance sheet data in trend percents with 2019 as base year (Round your perceninge KORBIN COMPANY Balance Sheet Data in Trend Pe December 31, 2021 2020 and 2019 2021 2020 2010 * 10000 100.00 100.00 100001 Assets Current assets Long-term investments Plant assets, not Total assets Liabilities and Equity Current libilities Common stock Other paid in capital Retained earings Total liabilities and equity 1000015 10000 100.00 100 DO 10000 D