Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 2019 Sales $ 407,425 $ 312,121 $ 216,600 Cost of goods sold 245, 270 196, 324 138,624 Gross profit 162,155 115,797 77,976 Selling expenses 57,854 43,073 28,591 Administrative expenses 36,668 27,467 17,978 Total expenses 94,522 70,540 46,569 Income before taxes 67,633 45,257 31,407 Income tax expense 12,580 9,278 6,376 Net income $ 55,053 $ 35,979 $ 25,031 2019 KORBIN COMPANY Comparative Balance Sheets December 31, 2021, 2020, and 2019 2021 2020 Assets Current assets $ 59,958 $ 40,130 Long-term investments 0 400 Plant assets, net 114, 847 104, 679 Total assets $ 174,805 $ 145,209 Liabilities and Equity Current liabilities $ 25,522 $ 21,636 Common stock 70,000 70,000 Other paid-in capital 8,750 8,750 Retained earnings 70,533 44,823 Total liabilities and equity $ 174,805 $ 145,209 $ 53, 644 3,030 63,632 $ 120, 306 $ 21,054 52,000 5,778 41,474 $ 120,306 $ 59,958 0 114,847 $ 174,805 $ 40,130 400 104, 679 $ 145,209 $ 53, 644 3,030 63,632 $ 120,306 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 25,522 70,000 8,750 70,533 $ 174,805 $ 21,636 70,000 8,750 44,823 $ 145,209 $ 21,054 52,000 5,778 41,474 $ 120,306 Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Numerator: Denominator: 1 Current ratio Current ratio 2021 0 to 1 2020 E 0 to 1 2019 11 0 to 1