Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Choose Denominator: Choose Numerator: 2017 2016 2015 Current ratio Current ratio 0 to 1 0 to 1 0 to 1 Required information The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 381,091 $ 291,947 $ 202,600 Cost of goods sold 229,417 184,802 129,664 Gross profit 151,674 107,145 72,936 Selling expenses 54, 115 40,289 26,743 Administrative expe 34,298 25,691 Total expenses 88,413 65,980 43,559 Income before taxes 63,26141,165 29,377 Income taxes 11,7678 ,439 5,964 Net income $ 51,494 $ 32,726 $ 23, 413 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets 46,376 $ 36,284 $ 48,503 Current assets 0 900 4,420 Long-term investments 92,781 87,465 Plant assets, net 54,753 $ 133,841 $ 129,965 $ 107,676 Total assets Liabilities and Equity Current liabilities 19,541 $ 19,365 $ 18,843 71,000 71,000 53,000 Common stock 8,875 8,8755 , 889 Other paid-in capital 34,425 30, 725 29,944 Retained earnings $ 133,841 $ 129,965 $107, 676 Total liabilities and equity