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Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017

Selected comparative financial statements of Korbin Company follow.

KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2019, 2018, and 2017
2019 2018 2017
Sales $ 434,699 $ 333,015 $ 231,100
Cost of goods sold 261,689 210,465 147,904
Gross profit 173,010 122,550 83,196
Selling expenses 61,727 45,956 30,505
Administrative expenses 39,123 29,305 19,181
Total expenses 100,850 75,261 49,686
Income before taxes 72,160 47,289 33,510
Income tax expense 13,422 9,694 6,803
Net income $ 58,738 $ 37,595 $ 26,707
KORBIN COMPANY
Comparative Balance Sheets
December 31, 2019, 2018, and 2017
2019 2018 2017
Assets
Current assets $ 63,814 $ 42,711 $ 57,094
Long-term investments 0 1,100 3,390
Plant assets, net 116,707 106,147 63,756
Total assets $ 180,521 $ 149,958 $ 124,240
Liabilities and Equity
Current liabilities $ 26,356 $ 22,344 $ 21,742
Common stock 65,000 65,000 47,000
Other paid-in capital 8,125

8,125 5,222
Retained earnings 81,040 54,489 50,276
Total liabilities and equity $ 180,521 $ 149,958 $ 124,240

Required: 1. Complete the below table to calculate each year's current ratio.

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