Sales KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes: Income tax expense Net income. 2017 2019 523,859 2018 $401,319 $ 278,500 315,363 251,226 178,240 208,496 150,093 100,260 74,388 55,382 36,762 47,147 35,316 23,116 121,535 90,698 59,878 86,961 59,395 40,382 12,176 8,198 16,175 $ 70,786 $ 47,219 $ 32,184 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 $ 59,419 $39,770 $53,163 e 110,350 700 100,557 $ 169,770 4,500 59,178 $141,027 $116,841 $ 24,786 $ 21,013 $ 20,447 69,000 69,000 51,000 Other paid-in capital 8,625 8,625 5,667 Retained earnings 67,359 42,389 39,727 Total liabilities and equity $ 169,770 $141,027 $116,841 Required: 1. Complete the below table to calculate each year's current ratio. 2019 2018 2017 Current Ratio Choose Numerator: Choose Denominator: Current ratio Current ratio 0 to 1 0 to 1 0 to 1