Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 Sales $555,000 $340,000 2017 $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, 2019, 2018, and 2017 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock 2019 2018 $ 52,390 $ 37,924 0 100,000 $152,390 $ 22,800 2017 500 96,000 $134,424 $ 51,748 3,950 60,000 $115,698 $ 20,300 60,000 $ 19,960 72,000 72,000 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. 2019 2018 2017 Current Ratio Choose Numerator: Choose Denominator: Current ratio = Current ratio ' 0 to 1 = 0 to 1 = 0 to 1