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[The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. Required: . Complete the below table to calculate

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[The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. Required: . Complete the below table to calculate each year's current ratio. 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. (Ro decimal places.) 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. answers to 2 decimal places.) 4. Refer to the results from parts 1, 2, and 3. (a) Did cost of goods sold make up a greater portion of sales for the most recent year compared to the prior year? Yes No (b) Did income as a percent of sales improve in the most recent year compared to the prior year? Yes No (c) Did plant assets grow over this period? Yes No

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