Selected comparative financial statements of Korbin Company follow.

KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2020, 2019, and 2018
	2020			2019			2018
Sales	$	555,000		$	340,000		$	278,000
Cost of goods sold		283,500			212,500			153,900
Gross profit		271,500			127,500			124,100
Selling expenses		102,900			46,920			50,800
Administrative expenses		50,668			29,920			22,800
Total expenses		153,568			76,840			73,600
Income before taxes		117,932			50,660			50,500
Income tax expense		40,800			10,370			15,670
Net income	$	77,132		$	40,290		$	34,830

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2020, 2019, and 2018
	2020			2019			2018
Assets
Current assets	$	52,390		$	37,924		$	51,748
Long-term investments		0			500			3,950
Plant assets, net		100,000			96,000			60,000
Total assets	$	152,390		$	134,424		$	115,698
Liabilities and Equity
Current liabilities	$	22,800		$	19,960		$	20,300
Common stock		72,000			72,000			60,000
Other paid-in capital		9,000			9,000			6,000
Retained earnings		48,590			33,464			29,398
Total liabilities and equity	$	152,390		$	134,424		$	115,698

Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Choose Numerator: Choose Denominator: = Current ratio / = Current ratio 2020 / = 0 to 1 2019 / = 0 to 1 2018 / = O to 1 KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2020, 2019, and 2018 2020 2019 2018 Sales % % % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income % % % KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2020, 2019 and 2018 2020 2019 2018 Assets Current assets % % 100.00 % Long-term investments 100.00 Plant assets, net 100.00 Total assets % % 100.00 % Liabilities and Equity Current liabilities % % 100.00 % Common stock 100.00 100.00 Other paid-in capital Retained earnings Total liabilities and equity 100.00 % % 100.00 %