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Selected comparative financial statements of Korbin Company follow. (a) Did cost of goods sold make up a greater portion of sales for the most recent

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Selected comparative financial statements of Korbin Company follow. (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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