Selected comparative financial statements of Korbin Company
follow:
| KORBIN COMPANY | |||||||||
| Comparative Income Statements | |||||||||
| For Years Ended December 31, 2017, 2016, and 2015 | |||||||||
| 2017 | 2016 | 2015 | |||||||
| Sales | $ | 554,143 | $ | 424,519 | $ | 294,600 | |||
| Cost of goods sold | 333,594 | 269,145 | 188,544 | ||||||
| Gross profit | 220,549 | 155,374 | 106,056 | ||||||
| Selling expenses | 78,688 | 58,584 | 38,887 | ||||||
| Administrative expenses | 49,873 | 37,358 | 24,452 | ||||||
| Total expenses | 128,561 | 95,942 | 63,339 | ||||||
| Income before taxes | 91,988 | 59,432 | 42,717 | ||||||
| Income taxes | 17,110 | 12,184 | 8,672 | ||||||
| Net income | $ | 74,878 | $ | 47,248 | $ | 34,045 | |||
| KORBIN COMPANY | |||||||||
| Comparative Balance Sheets | |||||||||
| December 31, 2017, 2016, and 2015 | |||||||||
| 2017 | 2016 | 2015 | |||||||
| Assets | |||||||||
| Current assets | $ | 49,472 | $ | 38,706 | $ | 51,740 | |||
| Long-term investments | 0 | 800 | 3,650 | ||||||
| Plant assets, net | 94,761 | 100,549 | 60,646 | ||||||
| Total assets | $ | 144,233 | $ | 140,055 | $ | 116,036 | |||
| Liabilities and Equity | |||||||||
| Current liabilities | $ | 21,058 | $ | 20,868 | $ | 20,306 | |||
| Common stock | 67,000 | 67,000 | 49,000 | ||||||
| Other paid-in capital | 8,375 | 8,375 | 5,444 | ||||||
| Retained earnings | 47,800 | 43,812 | 41,286 | ||||||
| Total liabilities and equity | $ | 144,233 | $ | 140,055 | $ | 116,036 | |||
   |
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Selected comparative financial statements of Korbin Company
follow:
KORBIN COMPANY
Comparative Income Statements
For Years Ended...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and. 2017 2019 2018 2017 $434,323 $332,727 $230,900 Sales Cost of goods sold 261,462 Gross profit Selling expenses Administrative 209,951 122,776 147,776 83,124 172,861 61,674 45,916 30,479 39,089 29,280 19,165 expenses Total expenses Income before 100,763 75,196 49,644 72,098 47,580 33,480 taxes Income tax expense 13,410 9,754 6,796 $58,688 $ 37,826 26,684 Net income KORBIN COMPANY Comparative Balance Sheets December...
Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 390,684 $ 299,296 $ 207,700 Cost of goods sold 235,192 187,359 132,928 Gross profit 155,492 111,937 74,772 Selling expenses 55,477 41,303 27,416 Administrative expenses 35,162 26,338 17,239 Total expenses 90,639 67,641 44,655 Income before taxes 64,853 44,296 30,117 Income taxes 12,063 9,081 6,114 Net income $ 52,790 $ 35,215 $ 24,003 KORBIN COMPANY...
Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 $555,000 $340,000 $278,000 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 50,800 22,800 73,600 50,500 15,670 $ 77,132 40,290 34,830 283,500 212,500 153,900 271,500 127,500 124,100 46,920 29,920 76,840 50,660 10,370 102,900 50,668 153,568 117,932 40,800 KORBIN COMPANY Comparative Balance Sheets December 31,...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income statements For Years Ended...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 Sales $ 430,561 $ 329,845 cost of goods sold 259,198 208, 132 Gross profit 171,363 121, 713 selling expenses 61,140 45,519 Administrative expenses 38,750 29, 026 Total expenses 99,890 74,545 Income before taxes 71,473 47,168 Income taxes 13, 294 9,669 Net income 58,179 $ 37,499 2015 $ 228,900 146,496 82,404 30,215 18,999 49,214 33,190 6,738 $...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 471,191 $360, 971 $ 250, 500 Cost of goods sold 283, 657 226, 329 160, 320 Gross profit 187,534 134, 642 90, 180 Selling expenses 66,909 49,814 33,066 Administrative expenses 42, 407 31,765 20,792 Total expenses 109, 316 81,579 53, 858 Income before taxes 78, 218 53,063 36, 322 Income tax expense 14,549...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 427,928 $ 327,828 $ 227,500 Cost of goods sold 257,613 207,515 145,600 Gross profit 170,315 120,313 81,900 Selling expenses 60,766 45, 240 30,030 Administrative expenses 38,514 28,849 18,883 Total expenses 99, 280 74,089 48,913 Income before taxes 71,035 46,224 32,987 Income tax expense 13,213 9,476 6,696 Net income $ 57,822 $ 36,748 $...
Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 496,208 $ 380,136 $ 263,800 Cost of goods sold 298,717 237,965 168,832 Gross profit 197,491 142,171 94,968 Selling expenses 70,462 52,459 34,822 Administrative expenses 44,659 33,452 21,895 Total expenses 115,121 85,911 56,717 Income before taxes 82,370 56,260 38,251 Income taxes 15,321 11,533 7,765 Net income $ 67,049 $ 44,727 $ 30,486 KORBIN COMPANY...
Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 412,503 $ 316,011 $ 219,300 Cost of goods sold 248,327 197,823 140,352 Gross profit 164,176 118,188 78,948 Selling expenses 58,575 43,610 28,948 Administrative expenses 37, 125 27,809 18, 202 Total expenses 95,700 71,419 47,150 Income before taxes 68, 476 46,769 31,798 Income taxes 12,737 9,588 9,588 6,455 Net income $ 55,739 $ 37,181...
Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 442,787 $ 339,211 $ 235, 400 Cost of goods sold 266,558 215,060 150,656 Gross profit 176,229 124, 151 84,744 Selling expenses 62,876 46,811 31,073 Administrative expenses 39,851 29,851 19,538 Total expenses 102,727 76,662 50,611 Income before taxes 73,502 47,489 34,133 Income taxes 13,671 9,735 6,929 Net income $ 59,831 $ 37,754 $ 27,204...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 524,799 $ 402,039 $ 279,000 Cost of goods sold 315,929 251,676 178,560 Gross profit 208,870 150,363 100,440 Selling expenses 74,521 55,481 36,828 Administrative expenses 47,232 35, 379 23,157 Total expenses 121,753 90,860 59,985 Income before taxes 87,117 59,503 40, 455 Income tax expense 16, 204 12,198 8,212 Net income $ 70,913 $ 47,305...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and. 2017 2019 2018 2017 $434,323 $332,727 $230,900 Sales Cost of goods sold 261,462 Gross profit Selling expenses Administrative 209,951 122,776 147,776 83,124 172,861 61,674 45,916 30,479 39,089 29,280 19,165 expenses Total expenses Income before 100,763 75,196 49,644 72,098 47,580 33,480 taxes Income tax expense 13,410 9,754 6,796 $58,688 $ 37,826 26,684 Net income KORBIN COMPANY Comparative Balance Sheets December...
Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 $555,000 $340,000 $278,000 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 50,800 22,800 73,600 50,500 15,670 $ 77,132 40,290 34,830 283,500 212,500 153,900 271,500 127,500 124,100 46,920 29,920 76,840 50,660 10,370 102,900 50,668 153,568 117,932 40,800 KORBIN COMPANY Comparative Balance Sheets December 31,...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 Sales $ 430,561 $ 329,845 cost of goods sold 259,198 208, 132 Gross profit 171,363 121, 713 selling expenses 61,140 45,519 Administrative expenses 38,750 29, 026 Total expenses 99,890 74,545 Income before taxes 71,473 47,168 Income taxes 13, 294 9,669 Net income 58,179 $ 37,499 2015 $ 228,900 146,496 82,404 30,215 18,999 49,214 33,190 6,738 $...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 471,191 $360, 971 $ 250, 500 Cost of goods sold 283, 657 226, 329 160, 320 Gross profit 187,534 134, 642 90, 180 Selling expenses 66,909 49,814 33,066 Administrative expenses 42, 407 31,765 20,792 Total expenses 109, 316 81,579 53, 858 Income before taxes 78, 218 53,063 36, 322 Income tax expense 14,549...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 427,928 $ 327,828 $ 227,500 Cost of goods sold 257,613 207,515 145,600 Gross profit 170,315 120,313 81,900 Selling expenses 60,766 45, 240 30,030 Administrative expenses 38,514 28,849 18,883 Total expenses 99, 280 74,089 48,913 Income before taxes 71,035 46,224 32,987 Income tax expense 13,213 9,476 6,696 Net income $ 57,822 $ 36,748 $...
Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 412,503 $ 316,011 $ 219,300 Cost of goods sold 248,327 197,823 140,352 Gross profit 164,176 118,188 78,948 Selling expenses 58,575 43,610 28,948 Administrative expenses 37, 125 27,809 18, 202 Total expenses 95,700 71,419 47,150 Income before taxes 68, 476 46,769 31,798 Income taxes 12,737 9,588 9,588 6,455 Net income $ 55,739 $ 37,181...
Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 442,787 $ 339,211 $ 235, 400 Cost of goods sold 266,558 215,060 150,656 Gross profit 176,229 124, 151 84,744 Selling expenses 62,876 46,811 31,073 Administrative expenses 39,851 29,851 19,538 Total expenses 102,727 76,662 50,611 Income before taxes 73,502 47,489 34,133 Income taxes 13,671 9,735 6,929 Net income $ 59,831 $ 37,754 $ 27,204...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 524,799 $ 402,039 $ 279,000 Cost of goods sold 315,929 251,676 178,560 Gross profit 208,870 150,363 100,440 Selling expenses 74,521 55,481 36,828 Administrative expenses 47,232 35, 379 23,157 Total expenses 121,753 90,860 59,985 Income before taxes 87,117 59,503 40, 455 Income tax expense 16, 204 12,198 8,212 Net income $ 70,913 $ 47,305...
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