Check Problem 17-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 The following information applies to the questions displayed below) Selected comparative financial statements of Korbin Company follow: KORDIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 394,822 S 302,466 $ 209,900 Cost of goods sold 237,693191, 763 134,336 Gross profit 157, 139 110, 703 7 5, 564 Selling expenses 56,065 41, 740 27,707 Administrative expenses 35,534 26,612 17,422 Total expenses 91,599 68, 357 45.129 Income before taxes 65,540 42,346 30.435 Income taxes 12, 1908,6816,178 Net income $ 53,350 $ 33,665 $ 24, 257 KORDIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current anseta $ 46.731 $ 36,561 $ 48,874 Long-term investments 0 900 4.330 Plant assets, net Total asseta $ 132,196 $ 128,367 $ 106,352 Liabilities and Equity Current liabilities $ 19,301 $ 19, 127 18.612 Common atoek 65.000 65.000 47.000 Other paid-in capital 8,125 8,125 5,222 Retained earnings 39,770 36,115 35,518 Total liabilities and equity $ 132,196 128.367 106.352 Problem 17-2A Part 1 Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio 1 Choose Denominator: Choose Numerator: - Current ratio Current ratio 2017 2016 2015