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comporative financial statements of Korbin Co mpany follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 2013

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comporative financial statements of Korbin Co mpany follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 2013 $ 407,048 245,043 $ 311,832 195,207 $ 216.400 138,496 Sales Cost of goods sold Gross profit Selling expenses 162,005 57,801 36,634 116,625 43,033 27,441 77904 28,565 17,961 Total expenses 94.435 70,474 46,526 Income before taxes Income taxes 67,570 12,568 46,151 31,378 6,370 9.461 Net income $ 55,002 $ 36.690 $ 25,008 KORBIN COMPANY Comparative Balonce Sheets December 31, 2015, 2014, and 2013 2015 2014 2013 Assets Current assets Long-term investments Plant assets, net $53,083 41,531 700 106,529 $ 55,517 3,150 64,581 100,114 Total assets $ 153,197 $ 148,760 $ 123,248 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings $ 22,367$ 22,165 70,000 8.750 47,845 70,000 8,750 52,080 $ 21,568 52,000 5,778 43,902 Total liabilities and equity $ 153,197 $ 148,760 $123,248 value: 2.40 polnts 1. Complete the below table to calculate each years current ratio. Choose Numerator: I Choose Current ratio Current ratio 2015 2014 2013 to 1 to 1 to 1

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