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 $ 434,323 $ 332,727 $ 230,900 Cost of goods sold 261,462 208,287 147,776 Gross profit 172,861 124,440 124, 440 83,124 Selling expenses 61,674 45,916 30,479 Administrative expenses 39,089 29,280 19,165 Total expenses 100,763 75, 196 49,644 Income before taxes 72,098 49,244 33, 480 Income tax expense 13.410 10,095 6,796 Net income $ 58,688 $ 39,149 $ 26,684 2017 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 Assets Current assets $ 60,889 $ 40,753 Long-term investments 0 600 Plant assets, net 109,668 100,328 Total assets $ 170,557 $141,681 Liabilities and Equity Current liabilities $ 24,901 $ 21,110 Common stock 65,000 65,000 Other paid-in capital 8,125 8,125 Retained earnings 72,531 47,446 Total liabilities and equity $ 170,557 $141,681 $ 54,477 4,050 58,856 $ 117,383 $ 20,542 47,000 5.222 44,619 $ 117,383 BURUN CULPANE Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 60,689 340,753 $ 54,477 Long-term investments 0 600 4.050 Plant assets, net 109,668 100,328 58.856 Total assets $ 170,557 $141,681 $ 117,383 Liabilities and Equity Current liabilities $24.901 $ 21, 110 $ 20,542 Common stock 65,000 65,000 47.000 Other paid-in capital 8.125 8.125 5,222 Retained earnings 72,5314706 47,446 44.619 Total liabilities and equity $170,557 3141,681 5117,383 Problem 17-2A Part 1 Required: 1. Complete the below table to calculate each year's current ratio. Choose Numerator: 1 Current Ratio Choose Denominator: Current ratio Current ratio 0 to 1 0 to 1 2018 i l - Prev 1 2 3 4 of 4 Next > 3