Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 386,922 $ 296,414 $ 205,700 Cost of goods sold 232,927 185,852 131,648 Gross profit 153,995 110,562 74,052 Selling expenses 54,943 40,905 27,152 Administrative expenses 34,823 26,084 17,073 Total expenses 89, 766 66,989 44, 225 Income before taxes 64,229 43,573 29,827 Income tax expense 11,947 8,933 6,055 Net income $ 52,282 $ 34,640 $ 23,772 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 Assets Current assets $ 63,219 $ 42,313 Long-term investments 0 400 Plant assets, net 117,406 107,332 Total assets $ 180,625 $ 150,045 Liabilities and Equity Current liabilities $ 26, 371 $ 22, 357 Common stock 65,000 65,000 Other paid-in capital 8,125 8,125 Retained earnings 81,129 54,563 Total liabilities and equity $ 180,625 $ 150,045 $ 56,562 3,660 64,090 $ 124,312 $ 21,755 47,000 5,222 50,335 $ 124,312 Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Choose Denominator: Choose Numerator: 2019 2018 Current ratio Current ratio to 1 to 1 to 1 2017 KORBIN COMPANY 2017 % Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Sales % % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % % % KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 % % 100.00 % 100.00 100.00 % 100.00 % Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity % % 100.00 % 100.00 100.00 100.00 % % 100.00 %