Selected comparative financial statements of Korbin Company follow.

Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $52,900; total assets, $229,400; common stock, $80,000; and retained earnings, $35,205.)

CABOT CORPORATION
Balance Sheet
December 31 of current year
Assets		Liabilities and Equity
Cash	$ 14,000	Accounts payable	$ 18,500
Short-term investments	9,400	Accrued wages payable	3,600
Accounts receivable, net	32,200	Income taxes payable	3,300
Merchandise inventory	30,150	Long-term note payable, secured by mortgage on plant assets	69,400
Prepaid expenses	2,500	Common stock	80,000
Plant assets, net	152,300	Retained earnings	65,750
Total assets	$ 240,550	Total liabilities and equity	$ 240,550

CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales	$ 451,600
Cost of goods sold	297,250
Gross profit	154,350
Operating expenses	99,000
Interest expense	4,200
Income before taxes	51,150
Income tax expense	20,605
Net income	$ 30,545

Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on equity. (Do not round intermediate calculations.)

KORBIN COMPANY
Comparative Balance Sheets
December 31
	2021	2020	2019
Assets
Current assets	$ 56,853	$ 38,052	$ 50,867
Long-term investments	0	400	4,570
Plant assets, net	107,226	97,847	57,487
Total assets	$ 164,079	$ 136,299	$ 112,924
Liabilities and Equity
Current liabilities	$ 23,956	$ 20,309	$ 19,762
Common stock	71,000	71,000	53,000
Other paid-in capital	8,875	8,875	5,889
Retained earnings	60,248	36,115	34,273
Total liabilities and equity	$ 164,079	$ 136,299	$ 112,924

Selected comparative financial statements of Korbin Company follow.

KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31
	2021	2020	2019
Sales	$ 413,068	$ 316,444	$ 219,600
Cost of goods sold	248,667	198,727	140,544
Gross profit	164,401	117,717	79,056
Selling expenses	58,656	43,669	28,987
Administrative expenses	37,176	27,847	18,227
Total expenses	95,832	71,516	47,214
Income before taxes	68,569	46,201	31,842
Income tax expense	12,754	9,471	6,464
Net income	$ 55,815	$ 36,730	$ 25,378

KORBIN COMPANY
Comparative Balance Sheets
December 31
	2021	2020	2019
Assets
Current assets	$ 56,853	$ 38,052	$ 50,867
Long-term investments	0	400	4,570
Plant assets, net	107,226	97,847	57,487
Total assets	$ 164,079	$ 136,299	$ 112,924
Liabilities and Equity
Current liabilities	$ 23,956	$ 20,309	$ 19,762
Common stock	71,000	71,000	53,000
Other paid-in capital	8,875	8,875	5,889
Retained earnings	60,248	36,115	34,273
Total liabilities and equity	$ 164,079	$ 136,299	$ 112,924

rev: 09_08_2021_QC_CDR-376, 10_13_2021_QC_CDR-376

Problem 13-2A (Algo) Part 2

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

rev: 09_08_2021_QC_CDR-376, 10_13_2021_QC_CDR-376

Problem 13-2A (Algo) Part 2

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