Selected comparative financial statements of Korbin Company follow
Selected comparative financial statements of Korbin Company follow.


Required
1. Compute each year’s current ratio. (Round ratio amounts to one decimal.)
2. Express the income statement data in common- size percents. (Round percents to two decimals.)
3. Express the balance sheet data in trend percents with 2012 as the base year. (Round percents to two decimals.)
Analysis Component
4. Comment on any significant relations revealed by the ratios and percentscomputed.
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