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Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales 5 510, 127 $ 390,799 $ 271,200 Cost of goods sold 387,096 245,813 173,568 Gross profit 283,031 144,986 97,632 Selling expenses 72,438 53,930 35,798 Administrative expenses 45,911 34,390 22,510 Total expenses 118,349 88,320 58,308 Income before taxes 84,682 56,666 39,324 Income tax expense 15.751 11,627 7,983 Net income $ 68,931 $ 45,849 $ 31,341 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2819 2018 2017 Assets Current assets $ 57,488 $ 38,472 $ 51,427 Long-term investments 800 3,810 Plant assets, net 188, 408 98,530 58,992 Total assets $ 165,888 $ 137,892 $ 114,169 Liabilities and Equity Current liabilities $ 24,220 $ 20,532 $ 19,988 Common stock 68,000 68,000 se, 200 Other paid in capital 8,500 8,500 5,556 Retained earnings 65,168 40, 770 38,633 Total liabilities and equity $ 165,888 $ 137,802 $ 114, 169 Fequired: - Complete the below table to calculate each year's current ratio Current Ratio Choose Denominator Choose Numerators 1 4 2019 2018 2017 Current ratio Current rabo 0 101 olto 1 O to 1 1 KORBIN COMPANY 2017 % Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Sales % % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % % % KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 Assets % % 100.00 % 100.00 100.00 se % 100.00 % Current assets Long-term investments Plant assets net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity % % 100.00 % 100.00 100 00 100.00 100 00 %