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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 $ 450,123 $ 344,831 $ 239,300
Cost of goods sold 270,974 216,554 153,152
Gross profit 179,149 128,277 86,148
Selling expenses 63,917 47,587 31,588
Administrative expenses 40,511 30,345 19,862
Total expenses 104,428 77,932 51,450
Income before taxes 74,721 50,345 34,698
Income tax expense 13,898 10,321 7,044
Net income $ 60,823 $ 40,024 $ 27,654

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2019, 2018, and 2017
2019 2018 2017
Assets
Current assets $ 56,947 $ 38,115 $ 50,950
Long-term investments 0 800 4,020
Plant assets, net 104,147 94,905 55,900
Total assets $ 161,094 $ 133,820 $ 110,870
Liabilities and Equity
Current liabilities $ 23,520 $ 19,939 $ 19,402
Common stock 70,000 70,000 52,000
Other paid-in capital 8,750 8,750 5,778
Retained earnings 58,824 35,131 33,690
Total liabilities and equity $ 161,094 $ 133,820 $ 110,870

1. Complete the below table to calculate each year's current ratio. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.).Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round your percentage answers to 2 decimal places.)

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