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Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit

Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes. Income tax expense Net income 2021 $ 548,312 330, 084 218, 228 77,860 49,348 127,208 2020 $ 420,052 2019 $ 291,500 186,560 104,940 263, 373 156, 679 57,967 38,478 36,965 24,195 94,932 62,673 91, 020 61, 747 42,267 16,930 12, 658 8,580 $ 74,090 $ 49,089 $ 33,687 Assets KORBIN COMPANY Comparative Balance Sheets December 31 Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity 2021 2020 $ 55,486 $ 37,137 800 103, 044 $ 158,530 93, 753 $ 131,690 2019 $ 49,643 3,690 55, 772 $ 109,105 KORBIN COMPANY Comparative Balance Sheets December 31 Assets Current assets Long-term investments. Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock 2021 $ 55,486 6 103, 044 $ 158,530 $ 23,145 72,000 9,000 54,385 2820 $ 37,137 800 93, 753 $ 131,690 $ 19,622 72,000 9,000 31,068 Other paid-in capital Retained earnings Total liabilities and equity $ 158,530 $ 131,690 2019 $ 49,643 3,698 55,772 $ 109,105 $ 19,093 54,000 6,000 30,012 $ 109,105 Required: 1. Complete the below table to calculate each year's current ratio. 2021 2020 2019 Numerator: 1 Qument Ratio Denominator: Current rado = Current ratio = 0 to 1 = 0 to 1 = 0 to 1

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