Cost of goods sold Gross Part 1 of2 Total expenses Income taxes Net income 90,520 12,246 8,533 2 KORBIN COMPANY Long-term investments 1,100 54, 800 68,000 8,500 68,000 8,500 50,000 5, 556 2 3 of 3 4,1IU 7,07692,165 54,800 133,246 $129,387 $107,197 U,LOU Ldabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 19,454 19,279 18,759 68,000 68,000 50,000 5,556 32,882 133,246 $129,387 $107,197 8,500 37,292 8,500 33,608 Part 1 of 2 33.33 points Required: 1. Complete the below table to calculate each year's current ratio. 2 nt Ratio Choose Denominator:Current ratio Current ratio Ch Numerator: 2017 2016 2015 to 1 to 1 to 1 2 3 of 3 Next > K Prev 68,00068,000 50,000 5,556 Other paid-in capital 8,500 8,500 37.292 33,608 32,88 Total liabilities and equity 133,246 $129,387 $107,197 ble to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements 2017 2016 2015 Cost of goods sold Selling expenses Total expenses Income taxes Net income Prev 3 of 3