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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 $ 504,672 $ 386,620 $ 268,300
Cost of goods sold 303,813 245,117 171,712
Gross profit 200,859 141,503 96,588
Selling expenses 71,663 53,354 35,416
Administrative expenses 45,420 34,023 22,269
Total expenses 117,083 87,377 57,685
Income before taxes 83,776 54,126 38,903
Income tax expense 15,582 11,096 7,897
Net income $ 68,194 $ 43,030 $ 31,006

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2019, 2018, and 2017
2019 2018 2017
Assets
Current assets $ 63,305 $ 42,370 $ 56,639
Long-term investments 0 500 4,930
Plant assets, net 114,019 104,432 60,471
Total assets $ 177,324 $ 147,302 $ 122,040
Liabilities and Equity
Current liabilities $ 25,889 $ 21,948 $ 21,357
Common stock 67,000 67,000 49,000
Other paid-in capital 8,375 8,375 5,444
Retained earnings 76,060 49,979 46,239
Total liabilities and equity $ 177,324 $ 147,302 $ 122,040

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

2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.)

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.)

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