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 $504,296 $386,332 $268, 100 Cost of goods sold 303,586 243, 775 171,584 Gross profit 200, 710 142,557 96,516 Selling expenses 71,610 53, 314 35,389 Administrative expenses 45,387 33,997 22,252 Total expenses 116,997 87,311 57,641 Income before taxes 83,713 55, 246 38,875 Income tax expense 15,571 11,325 7,892 Net income $ 68,142 $ 43,921 $ 30,983 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 60, 490 $ 40,486 $ 54,121 Long-term investments 0 900 3,540 Plant assets, net 110,628 100,761 60, 108 Total assets $ 171, 118 $ 142, 147 $117,769 Liabilities and Equity Current liabilities $ 24,983 $ 21,180 $ 20,610 Common stock 68,000 68,000 50,000 Other paid-in capital 8,500 8,500 5,556 Retained earnings 69,635 44,467 41,603 Total liabilities and equity $ 171, 118 $ 142, 147 $117, 769 Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Choose Denominator: Choose Numerator: 1 1 2019 1 Current ratio Current ratio 0 to 1 0 to 1 0 to 1 1 = 2018 2017 / 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Sire Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 % % % Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense % Net Income % 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 Assets Current assets % % 100.00 % 100.00 Long-term investments Plant assets, net 100.00 100.00 % % % % 100.00 % 100.00 Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 100.00 100.00 % % 100.00 %