KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017, 2016, and 2015
	2017			2016			2015
Sales	$	397,455		$	304,483		$	211,300
Cost of goods sold		239,268			192,738			135,232
Gross profit		158,187			111,745			76,068
Selling expenses		56,439			42,019			27,892
Administrative expenses		35,771			26,795			17,538
Total expenses		92,210			68,814			45,430
Income before taxes		65,977			42,931			30,638
Income taxes		12,272			8,801			6,220
Net income	$	53,705		$	34,130		$	24,418

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2017, 2016, and 2015
	2017			2016			2015
Assets
Current assets	$	53,412		$	41,789		$	55,862
Long-term investments		0			1,000			4,480
Plant assets, net		99,195			105,398			62,431
Total assets	$	152,607		$	148,187		$	122,773
Liabilities and Equity
Current liabilities	$	22,281		$	22,080		$	21,485
Common stock		69,000			69,000			51,000
Other paid-in capital		8,625			8,625			5,667
Retained earnings		52,701			48,482			44,621
Total liabilities and equity	$	152,607		$	148,187		$	122,773
Required: 1. Complete the below table to calculate each year's current ratio. 2. Complete the below table to calculate income statement data in common-size percents. 3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base year.