Question: Problem 1 3 - 2 A ( Algo ) Ratios, common - size statements, and trend percents LO P 1 , P 2 , P

Problem 13-2A (Algo) Ratios, common-size statements, and trend percents LO P1, P2, P3
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Selected comparative financial statements of Korbin Company follow.
\table[[,KORBIN,COMPANY,,,,],[Compar,ative Inc,come State,ent,,,],[For Years Ended,December,\table[[\table[[31,2020,],[2020]]]],,\table[[9, and],[2019]],2018,2018],[Sales,$,409,494,$,313,706,$,217,700],[Cost of goods sold,,246,515,,196,380,,139,328],[Gross profit,,162,979,,117,326,,78,372],[Selling expenses,,58,148,,43,291,,28,736],[Administrative expenses,,36,854,,27,606,,18,069],[Total expenses,,95,002,,70,897,,46,805],[Income before taxes,,67,977,,46,429,,31,567],[Income tax expense,,12,644,,9,518,,6,408],[Net income,,$55,333,,36,911,,$25,159
complete the below table to calculate income statement data in common-size percentage
note: round your percentage answers to 2 decimal places
 Problem 13-2A (Algo) Ratios, common-size statements, and trend percents LO P1,

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