Selected comparative financial statements of Korbin Company follow

KORBIN COMPANYComparative Income StatementsFor Years Ended December 31, 2016, 2015, and 2014201620152014Sales$518,216$396,996$275,500Cost of goods sold311,966250,504176,320Gross profit206,250146,49299,180Selling expenses73,58754,78536,366Administrative expenses46,63934,93622,867Total expenses120,22689,72159,233Income before taxes86,02456,77139,947Income taxes16,00011,6388,109Net income$70,024$45,133$31,838

KORBIN COMPANYComparative Balance SheetsDecember 31, 2016, 2015, and 2014201620152014AssetsCurrent assets$54,735$42,823$57,245Long-term investments01,0003,010Plant assets, net100,102106,52964,312Total assets$154,837$150,352$124,567Liabilities and EquityCurrent liabilities$22,606$22,402$21,799Common stock69,00069,00051,000Other paid-in capital8,6258,6255,667Retained earnings54,60650,32546,101Total liabilities and equity$154,837$150,352$124,567

2.

value:

10.00 points

Required information

Required:

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

2.Complete the below table to calculate income statement data in common-size percents

3.Complete the below table to calculate the balance sheet data in trend percents with 2014 as the base year.(Round your percentage answers to 2 decimal places.)