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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 $ 421,908 $ 323,216 $ 224,300
Cost of goods sold 253,989 204,919 143,552
Gross profit 167,919 118,297 80,748
Selling expenses 59,911 44,604 29,608
Administrative expenses 37,972 28,443 18,617
Total expenses 97,883 73,047 48,225
Income before taxes 70,036 45,250 32,523
Income tax expense 13,027 9,276 6,602
Net income $ 57,009 $ 35,974 $ 25,921

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2019, 2018, and 2017
2019 2018 2017
Assets
Current assets $ 61,469 $ 41,141 $ 54,996
Long-term investments 0 400 4,140
Plant assets, net 110,712 101,489 59,364
Total assets $ 172,181 $ 143,030 $ 118,500
Liabilities and Equity
Current liabilities $ 25,138 $ 21,311 $ 20,738
Common stock 66,000 66,000 48,000
Other paid-in capital 8,250 8,250 5,333
Retained earnings 72,793 47,469 44,429
Total liabilities and equity $ 172,181 $ 143,030 $ 118,500

Required: 1. Complete the below table to calculate each year's current ratio.

Current Ratio
Choose Numerator: / Choose Denominator: = Current ratio
/ = Current ratio
2019 / = to 1
2018 / = to 1
2017 / = to 1

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