Required information Skip to question [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 2021 2020 2019 Sales $ 456,331 $ 349,587 $ 242,600 Cost of goods sold 274,711 221,638 155,264 Gross profit 181,620 127,949 87,336 Selling expenses 64,799 48,243 32,023 Administrative expenses 41,070 30,764 20,136 Total expenses 105,869 79,007 52,159 Income before taxes 75,751 48,942 35,177 Income tax expense 14,090 10,033 7,141 Net income $ 61,661 $ 38,909 $ 28,036 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Assets Current assets $ 54,185 $ 36,266 $ 48,479 Long-term investments 0 900 3,190 Plant assets, net 100,628 91,436 54,878 Total assets $ 154,813 $ 128,602 $ 106,547 Liabilities and Equity Current liabilities $ 22,603 $ 19,162 $ 18,646 Common stock 72,000 72,000 54,000 Other paid-in capital 9,000 9,000 6,000 Retained earnings 51,210 28,440 27,901 Total liabilities and equity $ 154,813 $ 128,602 $ 106,547 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 percentages. Note: Round your percentage answers to 2 decimal places.

3. Complete the below table to calculate the balance sheet data in trend percentages with 2019 as the base year. Note: Round your percentage answers to 2 decimal places.

4. Refer to the results from parts 1, 2, and 3.

(a) Did the cost of goods sold make up a greater portion of sales for the most recent year compared to the prior year? multiple choice 1 Yes or No

(b) Did income as a percent of sales improve in the most recent year compared to the prior year? multiple choice 2 Yes or No

(c) Did plant assets grow over this period? multiple choice 3 Yes or No

Please provide a table for questions 1,2, and 3