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 $ 433,006 $331,718 $ 230,200 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 260,670 209,646 147,328 82,872 30,386 19,107 49,493 33,379 9,656 6,776 $ 58,509 37,448 26,603 172,336 122,072 61,487 38,971 100, 458 71,878 13,369 45,777 29,191 74,968 47,104 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 50,159 39,243 52,459 97,940 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 3,010 58,684 $ 141,892 137,783 $114,153 600 91,733 20,716 20,530 19,977 72,000 54,000 72,000 9,000 40,176 6, 000 34,176 9,000 $141,892 137,783 $114,153 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 proft Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 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 % 100.001 % 100.00 100.00 100.00 100.001 %