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Home/ Questions/Selected comparative financial statements of Korbin Company follow
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ptntuto
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ptntuto
Asked: April 13, 20222022-04-13T06:35:19+00:00 2022-04-13T06:35:19+00:00In: Accounting

Selected comparative financial statements of Korbin Company follow

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Financial Statement Analysis: Financial statements are used by those who conduct analyses of their financial statements to determine how a business is doing. Common types of methods for analyzing financial statements are ratio analysis analysis of vertical (common-size) analysis and analysis that is horizontal (trend) analysis.

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    Jacob Murphy
    2022-04-13T07:21:12+00:00Added an answer on April 13, 2022 at 7:21 am


    Selected%20comparative%20financial%20statements%20of%20Korbin%20Company%20follow:%20KORBIN%20COMPANY%20Comparative%20Income%20Statements%20For%20Years%20Ended...


    Selected%20comparative%20financial%20statements%20of%20Korbin%20Company%20follow:%20KORBIN%20COMPANY%20Comparative%20Income%20Statements%20For%20Years%20Ended...


    Selected%20comparative%20financial%20statements%20of%20Korbin%20Company%20follow:%20KORBIN%20COMPANY%20Comparative%20Income%20Statements%20For%20Years%20Ended...

    2017 2016 2015 Numerator Current assets 49472 38706 51740 Current ratio Denominator / Current liabilities 21058 20868 / 20306 Current ratio Current ratio 2.35 to 1 1.85 to1 2.55 to1
    Requirement for 2 KORBIN COMPANY – Common Size Comparative Statement for years ended December 31, 2017, 2016 and 2015, 100.00% 100.00% Sales cost 60.20 % 39.80 %36.60 % Selling expense 14.20 % 13.80 % Total expenses 22.60 % Income taxes 16.60 % 14.000 % Net income 13.51 % 11.13 % 2015.100.00 % 64.000 % 36,000 % 13.20 % 8.00 % 21.50% 21.50% 21.50% 21.50% 21.50% 21.50% 21.50% 21.50% 21.50% 21.50% 21.54% 11.50% 11.50% 2.94%
    2015 Requirement : 3 KORBIN COMPANY. Balance sheet Data in Trend Percents December 31, 2017 and 2015 2017, Assets 95.62 % 74.81 % Investments 0.00 % 21.92 % Plants assets net 156.25% 165.80% Total assets 124.30 % 120.70 % Current liabilities 103.70% 102.77% Current liabilities Common stock 136.73 % 136.73 % Other capital 153.84 % 153.84 % % Retained earnings 115.78 % 106.12 % 100 % 100% 100 % 100% 100 % 100% 100% 100 % 100% 100 % 100% 100% 100 % 100% 100 % 100% 100 % 100% 100% of 100% 100% 100%
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