Selected comparative financial statements of Korbin Company follow:

KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2015, 2014, and 2013
			2015				2014				2013
Sales		$	379,398			$	290,650			$	201,700
Cost of goods sold			228,398				184,563				129,088
Gross profit			151,000				106,087				72,612
Selling expenses			53,875				40,110				26,624
Administrative expenses			34,146				25,577				16,741
Total expenses			88,021				65,687				43,365
Income before taxes			62,979				40,400				29,247
Income taxes			11,714				8,282				5,937
Net income		$	51,265			$	32,118			$	23,310

KORBIN COMPANY

Comparative Balance Sheets

December 31, 2015, 2014, and 2013

2015

2014

2013

Assets

Current assets

$

51,988

$

40,675

$

54,373

Long-term investments

0

600

3,850

Plant assets, net

93,638

100,133

58,934

Total assets

$

145,626

$

141,408

$

117,157

Liabilities and Equity

Current liabilities

$

21,261

$

21,070

$

20,502

Common stock

69,000

69,000

51,000

Other paid-in capital

8,625

8,625

5,667

Retained earnings

46,740

42,713

39,988

Total liabilities and equity

$

145,626

$

141,408

$

117,157

Required:
1.	Complete the below table to calculate each year's current ratio

Current Ratio
	Choose Numerator:	/	Choose Denominator:	=	Current ratio
		/		=	Current ratio
2015		/		=	0	to 1
2014		/		=	0	to 1
2013		/		=	0	to 1

2.

Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)

KORBIN COMPANY
Common-Size Comparative Income Statements
For Years Ended December 31, 2015, 2014, and 2013
	2015		2014		2013
Sales		%		%		%
Cost of goods sold		-1		-1		-1
Gross profit
Selling expenses		-1		-1		-1
Administrative expenses		-1		-1		-1
Total expenses
Income before taxes		-1		-1		-1
Income taxes		-1		-1		-1
Net income		%		%		%

3.

Complete the below table to calculate the balance sheet data in trend percents with 2013 as the base year. (Round your percentage answers to 2 decimal places.)

KORBIN COMPANY
Balance Sheet Data in Trend Percents
December 31, 2015, 2014, and 2013
	2015		2014		2013
Assets
Current assets		%		%	100.00	%
Long-term investments					100.00
Plant assets, net					100.00
Total assets		%		%	100.00	%
Liabilities and Equity
Current liabilities		%		%	100.00	%
Common stock					100.00
Other paid-in capital					100.00
Retained earnings					100.00
Total liabilities and equity		%		%	100.00	%