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2. multiple parts to this question Required information [The following information...

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Accounting

2. multiple parts to this question

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Required information [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as base year. (Round your percentage answers to 2 decimal places.) 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

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