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, 2019, 2018, and 2017 2019 2018 2017 Sales $ 496,960 $380,712 $264,200 Cost of goods sold 299, 170 241,752 169, 088 Gross profit 197,790 138,960 95,112 Selling expenses 70,568 52,538 34,874 Administrative expenses 44,726 33,503 21,929 Total expenses 115,294 86,041 56,803 Income before taxes 82,496 52,919 38,309 Income tax expense 15,344 10,848 7,777 Net income $ 67,152 $ 42,071 $ 30,532 0 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 59,024 $ 39,505 $ 52,809 Long-term investments 1,000 3,310 Plant assets, net 106,310 96,837 57,669 Total assets $ 165,334 $137,342 $113, 788 Liabilities and Equity Current liabilities $ 24,139 $ 20,464 $ 19,913 Common stock 68,000 68,000 50,000 Other paid-in capital 8,500 8,500 5,556 Retained earnings 64,695 40,378 38, 319 Total liabilities and equity $ 165,334 $137,342 $ 113, 788 Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Choose Numerator: 1 Choose Denominator: II Current ratio 7 HI Current ratio 2019 1 Il to 1 2018 = to 1 2017 7 11 to 1