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 Sales Cost of goods sold Gross profit Selling expenses Total expenses Administrative expenses Income before taxes Income tax expense Net income 2021 $ 525,363 316,269 2020 $ 402,471 2019 $ 279,300 254,764 178,752 209,094 147,707 100,548 74,602 55,541 36,868 47,283 35,417 23,182 121,885 90,958 60,050 87,209 56,749 40,498 16,221 11,634 8,221 $ 70,988 $ 45,115 $ 32,277 KORBIN COMPANY Comparative Balance Sheets Assets Current assets Long-term investments Plant assets, net December 31 2021 $ 61,608 0 112,672 Current liabilities Total assets Liabilities and Equity Common stock $ 174,280 $ 144,774 Other paid-in capital Retained earnings $ 25,445 69,000 8,625 71,210 $ 21,571 69,000 8,625 45,578 2020 $ 41,235 800 102,739 2019 $ 55,121 3,270 61,554 $ 119,945 $ 20,990 51,000 5,667 42,288 Total liabilities and equity $ 174,280 $ 144,774 $ 119,945 Required: 1. Complete the below table to calculate each year's current ratio. 2021 2020 2019 Numerator: Current Ratio Denominator: = Current ratio = Current ratio = to 1 = to 1 to 1