Required information {The following Information applies to the questions displayed below) Selected comparative financial statements of Korbin Company follow. KORBIN CONPANY Comparative Incone Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 417,770 $ 320,646 $ 222,100 Cost of goods sold 251,498 201,629 142,144 Gross profit 166,272 118,417 79,956 Selling expenses 59,323 44, 166 29, 317 Administrative expenses 37,599 28,164 18,434 Total expenses 96.922 72, 338 Income before taxes 69,352 46,887 32,205 Income tax expense 12.899 9,448 6,538 Net Income 356,4515 36,639 5 25.667 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2016, and 2017 2019 2017 Assets Current assets $ 55,825 5 37,363 $ 49,946 Long-term investiments Gee 4.580 Plant assets, het 103.25 95.870 56355 Total assets $ 161,110 $ 113,333 $ 110,881 Liabilities and Equity Current Liabilities $21.522 $ 19.941 $19.44 68.000 Common stock 68.00 50.000 Other paid in capital 8. 5.550 37192 15,921 Retained and Total liabilitlevity 5 101.11$ 103,89 $ 112,881 Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Choose Denominator: 11 Choose Numerator: Current ratio Current ratio to 1 11 2019 2018 2017 to 1 11 to 1