KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 $ 247,400 158,336 $465,359 280,146 185,213 $356,503 226,023 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses 130,480 89,064 66,081 49,197 32,657 31,372 41,882 20,534 107,963 77,250 14,369 80,569 53,191 Total expenses Income before taxes 49,911 10,232 35,873 7,282 Income taxes $ 28,591 $62,881 $39,679 Net income KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets $ 53,446 51,103 $39,982 Current assets Long-term investments 0 700 4,890 97,884 103,990 61,525 Plant assets, net $119,861 $148,987 $144,672 Total assets Liabilities and Equity $ 20,976 49,000 5,444 44,441 $ 21,556 67,000 8,375 $21,752 67,000 8,375 Current 1iabilities Common stock Other paid-in capital Retained earnings 51,860 47,741 $148,987 $144,672 $119,861 Total liabilities andd equity Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Choose Numerator: Choose Denominator: Current ratio Current ratio 0 to 1 2017 0 to 1 2016 = 0 to 1 2015