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, 2017, 2016, and 2015 2017 2016 2015 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income $ 453,509 347,425 $241,100 154,304 86,796 31,825 20,011 51,836 34,960 7,097 $ 61,280 40,878 27,863 273,012 180,497 64,398 40,816 105,214 75,283 14,003 217,488 129,937 47,945 30,573 78,518 51,419 10,541 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 $ 51,714 $ 40,460 54,086 4,050 61,934 $149,247 $144,924 $120,070 400 104,064 97,533 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings $ 21,790 21,594 $ 21,012 46,000 5,111 47,947 $149,247 $144,924 $120,070 64,000 8,000 55,457 64,000 8,000 51,330 Total liabilities and equity 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 to 1 KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2017, 2016 and 2015 2017 2016 2015 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 100.001 % 100.00 100.00 100.001 % 100.00 % 100.00 100.00 100.00 100.001 %