Saved ork Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Sales $ 439,625 $336,329 Cost of goods sold 264, 293 212,560 Gross profit 174,732 123,769 Selling expenses 62,342 46,413 Administrative expenses 39,512 29,597 Total expenses 101,854 76,010 Income before taxes 72,878 47,759 Income tax expense 13,555 9,791 Net income $ 59,323 $ 37,968 2017 $ 233, 480 149,376 84,024 30,809 19,372 50, 181 33,843 6,870 $ 26,973 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 60,740 $ 40,654 $ 54, 344 Long-term investments 1,100 4,780 Plant assets, net 109,400 99,581 57,972 Total assets $ 170,140 $ 141,335 $ 117,096 Liabilities and Equity Current liabilities $ 24,840 $ 21,059 $ 20,492 Cormon stock 70,08078, 00052,000 other paid in capital 8,750 8,750 5,778 Retained earnings 66,55 41,526 38,826 Total liabilities and equity $ 170,140 5 141,335 $ 117,096 Uther paid-in capital Retained earnings Total liabilities and equity 8,50 66,550 $ 170,140 8,130 41,526 $ 141,335 5,118 38,826 $ 117,096 Part 1 of 3 Problem 13-2A Part 1 10 points Required: 1. Complete the below table to calculate each year's current ratio. eBook Print Choose Numerator: Current Ratio Choose Denominator: - References Current ratio Current ratio 0 to 1 2019 2018 2017 0 to 1 0 to 1