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Selected comparative financial statements of Korbin Company follow. Answer is complete and correct. decimal places.) Answer is complete and correct. KORBIN COMPANY Common-Size Comparative Income

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Selected comparative financial statements of Korbin Company follow. Answer is complete and correct. decimal places.) Answer is complete and correct. KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. (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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