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 $387,486 $296,846 $206,000 Cost of goods sold 233, 267 188,200 131, 840 Gross profit 154,219 108,646 74,160 Selling expenses 55,023 40,965 27,192 Administrative 34,874 26,122 17,098 expenses Total expenses 89,897 67,087 44,290 Income before 64,322 41,559 29,870 taxes Income tax 11,964 8,520 6,064 expense Net income $ 52,358 $ 33,039 $ 23,806 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 55,569 $ 37,192 $ 49,717 Long-term investments 400 4,400 Plant assets, net 103,199 94, 296 55,152 Total assets $158,768 $131,888 $109,269 Liabilities and Equity Current liabilities $ 23,180 $ 19,651 $ 19,122 Common stock 69,000 69,000 51,000 Other paid-in capital 8,625 8,625 5,667 Retained earnings 57,963 34,612 33,480 Total liabilities and equity $158,768 $131,888 $109,269 Required: 1. Complete the below table to calculate each year's current ratio Choose Numerator: = Current Ratio Choose 1 Denominator: 1 1 1 1 II 2019 2018 2017 Current ratio Current ratio O to 1 0 to 1 O to 1 IIIIII percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales % % % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % % % 2017 % KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 Assets 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 % 100.00 100.00 100.00 100.00 % %