Question: 2. Complete the below table to calculate income statement data in common-size percents. Note: Round your percentage answers to 2 decimal places. Required information Problem


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2. Complete the below table to calculate income statement data in common-size percents. Note: Round your percentage answers to 2 decimal places. Required information Problem 17-2A (Algo) Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. 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 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. Note: Round your percentage answers to 2 decimal places. Required: 1. Complete the below table to calculate each year's current ratio
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