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Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 2019 Sales $ 526,492 $

Selected comparative financial statements of Korbin Company follow.

KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31
2021 2020 2019
Sales $ 526,492 $ 403,336 $ 279,900
Cost of goods sold 316,948 252,892 179,136
Gross profit 209,544 150,444 100,764
Selling expenses 74,762 55,660 36,947
Administrative expenses 47,384 35,494 23,232
Total expenses 122,146 91,154 60,179
Income before taxes 87,398 59,290 40,585
Income tax expense 16,256 12,155 8,239
Net income $ 71,142 $ 47,135 $ 32,346
KORBIN COMPANY
Comparative Balance Sheets
December 31
2021 2020 2019
Assets
Current assets $ 59,970 $ 40,138 $ 53,655
Long-term investments 0 600 3,560
Plant assets, net 113,104 103,034 61,900
Total assets $ 173,074 $ 143,772 $ 119,115
Liabilities and Equity
Current liabilities $ 25,269 $ 21,422 $ 20,845
Common stock 68,000 68,000 50,000
Other paid-in capital 8,500 8,500 5,556
Retained earnings 71,305 45,850 42,714
Total liabilities and equity $ 173,074 $ 143,772 $ 119,115

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

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