selected comparavite financial statements of korbin company

the following information applies to the questions displayed below.) Selected comparative financial statements of Korbin Company follow, CORETCH Comparative Inco Stats or Year Ended December 11 2821 2020 Sales $555,000 $340,000 Cost of goods sold 212500 Gross profit 2715 127,500 Selline expenses 102 26,920 Administrative expenses Total pense Incone beforeltas 117,532 50.6 Income taxe . 10.17 Net Income 2013 $ 270,000 153.900 124,100 50,00 22,500 $8,500 15,70 $ 34,130 WORDEN 59,10 $ 3,4 500 5:51,48 3.30 5. 152 $ 115,00 Rants Current assets Long termes plant assets, net Totes Les entity Current bilities Conto Other pand in capital Wat Tutti 50 1,0 72. 72.0 . 0,00 1. $155.61 s. Prov 2 45 ch o FI 3 3 5 6 8 E R Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Denominator: Numerator: 11 1 / 11 2021 1 = Current ratio Current ratio 0 to 1 0 to 1 0 to 1 11 2020 2019 11 Totalities and wity 180 152, 35, 114.454 2. 5.11. 2. Complete the below table to calculate income statement data in common se percent. Round your percentage 12 decimal places.) DO 2003 THE HORON COMPANY Common Comparative income Statements For Years Enited December 31, 221, 202, 2018 3021 2030 So Cost of goods sold Grosspoli Solling expen Administrative penses Total expenses income before Income tax expense 5 Net incomo Nad > 35 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as bas year round your percent answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2010 2021 2020 2019 100005 100.00 100.00 100001 Assets Current assets Long-term investments Plant assets, not Total assets Liabilities and Equity Current liabilities Common stock Other paid in capital Retained earrings Total liabilities and equity IN 10000 10000 10000 10000 10000 the following information applies to the questions displayed below.) Selected comparative financial statements of Korbin Company follow, CORETCH Comparative Inco Stats or Year Ended December 11 2821 2020 Sales $555,000 $340,000 Cost of goods sold 212500 Gross profit 2715 127,500 Selline expenses 102 26,920 Administrative expenses Total pense Incone beforeltas 117,532 50.6 Income taxe . 10.17 Net Income 2013 $ 270,000 153.900 124,100 50,00 22,500 $8,500 15,70 $ 34,130 WORDEN 59,10 $ 3,4 500 5:51,48 3.30 5. 152 $ 115,00 Rants Current assets Long termes plant assets, net Totes Les entity Current bilities Conto Other pand in capital Wat Tutti 50 1,0 72. 72.0 . 0,00 1. $155.61 s. Prov 2 45 ch o FI 3 3 5 6 8 E R Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Denominator: Numerator: 11 1 / 11 2021 1 = Current ratio Current ratio 0 to 1 0 to 1 0 to 1 11 2020 2019 11 Totalities and wity 180 152, 35, 114.454 2. 5.11. 2. Complete the below table to calculate income statement data in common se percent. Round your percentage 12 decimal places.) DO 2003 THE HORON COMPANY Common Comparative income Statements For Years Enited December 31, 221, 202, 2018 3021 2030 So Cost of goods sold Grosspoli Solling expen Administrative penses Total expenses income before Income tax expense 5 Net incomo Nad > 35 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as bas year round your percent answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2010 2021 2020 2019 100005 100.00 100.00 100001 Assets Current assets Long-term investments Plant assets, not Total assets Liabilities and Equity Current liabilities Common stock Other paid in capital Retained earrings Total liabilities and equity IN 10000 10000 10000 10000 10000