[The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 Sales $ 490,941 $ 376,101 Cost of goods sold 295,546 236,944 2013 $ 261,000 167,040 Gross profit Selling expenses Administrative expenses 195,395 69,714 44,185 139,157 51,902 33,097 93,960 34,452 21,663 Total expenses 113,899 84,999 56,115 Income before taxes Income taxes 81,496 15,158 54,158 11,102 37,845 7,683 Net income $ 66,338 $ 43,056 $ 30,162

KORBIN COMPANY Comparative Balance Sheets December 31, 2015, 2014, and 2013 2015 2014 2013 Assets Current assets Long-term investments Plant assets, net $ 51,869 $ 40,581 800 99,703 $ 54,248 3,010 59,630 93,423 Total assets $ 145,292 $ 141,084 $ 116,888 $ $ Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings 21,213 65,000 8,125 50,954 21,022 65,000 8,125 46,937 $ 20,455 47,000 5,222 44,211 Total liabilities and equity $ 145,292 $ 141,084 $ 116,888

Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Choose Numerator: Choose Denominator: Current ratio 2015 Current ratio oto 1 0 to 1 0 to 1 2014 2013 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 Gross profit % 0% Selling expenses Administrative expenses Total expenses Income before taxes Income taxes 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 I 2015 2014 2013 Assets Current assets Long-term investments 100.00 % 100.00 100.00 100.00 % Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 100.00 % 100.00 100.00 100.00 | 100.00 %

[The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 Sales $ 490,941 $ 376,101 Cost of goods sold 295,546 236,944 2013 $ 261,000 167,040 Gross profit Selling expenses Administrative expenses 195,395 69,714 44,185 139,157 51,902 33,097 93,960 34,452 21,663 Total expenses 113,899 84,999 56,115 Income before taxes Income taxes 81,496 15,158 54,158 11,102 37,845 7,683 Net income $ 66,338 $ 43,056 $ 30,162 KORBIN COMPANY Comparative Balance Sheets December 31, 2015, 2014, and 2013 2015 2014 2013 Assets Current assets Long-term investments Plant assets, net $ 51,869 $ 40,581 800 99,703 $ 54,248 3,010 59,630 93,423 Total assets $ 145,292 $ 141,084 $ 116,888 $ $ Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings 21,213 65,000 8,125 50,954 21,022 65,000 8,125 46,937 $ 20,455 47,000 5,222 44,211 Total liabilities and equity $ 145,292 $ 141,084 $ 116,888 Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Choose Numerator: Choose Denominator: Current ratio 2015 Current ratio oto 1 0 to 1 0 to 1 2014 2013 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 Gross profit % 0% Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income