Question: How do I calculate? Required information {The folio wing information applies to the questions displayed below} Selected oomparative nancial statements of Korbin Company follow. ROBBIE

How do I calculate?

How do I calculate? Required information {The folio wing information applies to

Required information {The folio wing information applies to the questions displayed below} Selected oomparative nancial statements of Korbin Company follow. ROBBIE CuPY Comparative Ina-cane Statements For Years Ended December 31, 2019, 2018, and 201? 2019 2013 2011' Sales $474,5'i'6 $363,564 $252,300 Cost of goods sold 235,695 223,692 161,422 Gross profit 133,991 134,992 90,923 Selling expenses 67,390 50,1?2 33,304 Administrative expenses 42,?12 31,994 20,941 Total expenses 110,102 92,166 54,245 Income before taxes 78,??9 52,?16 36,593 Income tax expense 14,653 10,90? 7,426 Net income $ 64,126 $ 41,909 $ 29,157 IBRBIE CHPhHY Comparative Balance Sheets December 31, 2019, 2019, and 201'! 2019 2018 2011' Assets Current assets $ 60,929 $ 40,213 $ 54,423 Long-term investments 0 900 3, 500 Plant assets, net 114,?22 104,216 62, 996 Total assets $175,550 $145,929 $120,919 Liabilities and Equity Current 1iabi1ities $ 25,630 $ 21,?29 $ 21,143 Common stock ?3,000 ?3,000 55,000 other paidin capital 9, 125 9, 125 6, 111 Retained earnings 67,?95 41,925 33,565 Total liabilities and equity $ 175, 550 $ 145, 929 $ 120, 919 \\. 2. Complete the below table to calculate income statement data in common-size percents. {Round your percentage answers to 2 decimal places} Cost of goods sold Gross prot Selling expenses Administrative expenses Total expenses Income before taxes Income tax expanse N et income

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