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KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 52,390 $ 37,924 $ 51,748 Long-term investments

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KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 52,390 $ 37,924 $ 51,748 Long-term investments 500 3,950 Plant assets, net 100,000 96,000 62,800 Total assets $152,390 $134,424 $115,698 Liabilities and Equity Current liabilities $ 22,800 $ 19,960 $ 20,300 Common stock 72,000 72,000 60,000 Other paid-in capital 9,000 9,000 6,000 Retained earnings 48,590 33,464 29, 398 Total liabilities and equity $152,390 $134,424 $115,698 Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Choose Denominator: choose Numerator: Current ratio Current ratio 2019 to 1 2018 TO 1 2017 to1

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