Selected comparative financial statement information of Bluegrass Corporation follows.

Required
1. Compute each year's current ratio. (Round ratio amounts to one decimal.)
2. Express the income statement data in common-size percents. (Round percents to two decimals.)
3. Express the balance sheet data in trend percents with 2013 as the base year. (Round percents to two decimals.)
Analysis Component
4. Comment on any significant relations revealed by the ratios and percents computed.

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BLUEGRASS CORPORATION Comparative Income Statements For Years Ended December 31,2015,2014,and 2013 2015 2014 2013 $198,800 $166,000 $143,800 66.200 77.600 18,000 4.6105.700 33.700 43.900 5.300 $44,420 39.515 38,600 108,890 86, Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 89,910 22,680 16,760 39,440 50,470 79,825 19,790 34,400 45,425 6,050 5.910 9 BLUEGRASS CORPORATION Comparative Balance Sheets December 31,2015,2014,and 2013 2015 2014 2013 Assets Current assets $ 54,860 32,660 36,300 10,600 112.810 113,660 79.000 $148,020 $125,900 1,700 Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 22,370 19,180 16,500 46,500 46,500 37,000 13,850 13,850 ,300 61,100 $167.670 $148,020 $125.900 84.950 68,490