Required information [The following information applies to the questions displayed below.j Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 20 1048 2016 2015 2017 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 39'6443222 97,446 $420,027 321,775 $223,300 -204.32Z 142,912 80,388 29,476 2831618.534 48,010 32,378 6,573 167,171 117,448 44,405 72,721 44,727 9,169 56,756 35,558 25,805 69,7254 12,969 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets Long-term investments Plant assets, net Total assets $ 54,692 $ 42,790 57,200 4,500 62,769 1,100 100, 023 106,344 154,715 $150,234 $124, 469 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earningS $ 22,588 22,385 $ 21,782 51,000 5,667 54,50250,22446,020 69,000 8, 625 69,000 8,625 Total liabilities and equity $154,715 $150,234 $124,469 Required 1. Complete the below table to calculate each year's current ratio Current Ratio Choose Numerator:Choose Denominator: Current ratio Current ratio 2017 2016 2015 to 1 to 1