Selected comparative financial statements of Korbin Company follow.

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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KORBIN COMPANY For Years Ended December 31,2015, 2014, and 2013 2015 2014 2013 Sales Cost of goods sold Gross proft Selling expenses Adminlstrative expenses Total expenses Income before taxes Income taxes Net Income $555,000 $340,000 $278,000 283,500 212,500 53,900 .. 271,500 27,500 24,100 50,800 22,800 73,600 50,500 15,670 . 77,132 $ 40,290 34,830 .102,900 50,668 153,568 117,932 40,800 46,920 29,920 76,840 50,660 10,370 KORBIN COMPANY Comparative Balance Sheets December 31,2015,2014, and 2013 2015 2014 2013 Assets Current assets Long-term Investments Plant assets, net Total assets $52,390 37,924 $51,748 3,950 60,000 $152,390 $134,424 $115,698 500 100,000 96,000 Liabilities and Equity Current liabllltles Common stock Other pald-In capltal Retalned earnings Total llablitles and equity $22,800 19,960 20,300 60,000 6,000 29.398 $152,390 $134,424 $115,698 72,000 9,000 48,590 72,000 9,000 33,464