Question

Required Information The following information applies to the questions displayed below Selected comparative financial statements of Korbin Company foilow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2817, 2816, and 2815 2817 2016221 s se3,92e $ 386,844 5 267,98e Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Incone before taxes Income taxes Net incone 303 368 242,822 172 456 96,444 288,550143,222 71,557 53,27435,363 83,658 55,976 38, 886 $ 68,891 - 44,501 32,959 NORBIN COMPANY December 31, 2017, 2816, and aeis 2015 Assets Current assets Long-term investments Plant assets, net lotal assets Liabilities and Equity Current liabilities Comson stock Other paid-in capital Retained earnings Total liabilities and equity $1,214 $ 48,669 $ 53, 563 11e s 146,326 $ 142,88 5 117,72e s 21, 364 21,172 s 28,6e1 65,880 5,eee47,890 5,222 8,125 $ 146,326 $ 142,e5 117,720 3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base yeer (Round your percentage answers to 2 declmal places.) Balance Sheet Data in Trend Percents December 31, 2017, 2016 and 2015 Assets 100001% 100.00 100.00 100001% Current assets Plant assets, net Total assets Liabilities and Equity Current liabilites Common stock Other paid-in capital 100001% 100.00 100 100.00 100.00 Total labilities and equity

Answer 1

		Trend percentages
			2017	2016	2015
Assets
Current assets			95.61%	74.81%	100.00%
long term investments			0.00%	24.33%	100.00%
plant assets,net			158.40%	168.23%	100.00%
total assets			124.30%	120.70%	100.00%
liabilities and Equity
Currentliabilities			103.70%	102.77%	100.00%
common stock			138.30%	138.30%	100.00%
other paid in capital			155.59%	155.59%	100.00%
retained earnings			115.45%	106.45%	100.00%
total liabilities & equity			124.30%	120.70%	100.00%
	trend percentage = 2016 item/2015 base
			2017 /2015 base