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Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2016, 2015, and 2014 531947 $407515 282800
Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2016, 2015, and 2014 531947 $407515 282800 80992 320.232 257957 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 37 330 35.861 57.460 1779 8324 45681 32 682 S 71879 KORBIN COMPANY Comparative Balance Sheets December 31, 2016, 2015, and 2014 Current assets $ 52,765 41282 S5184 Plant assets, net 99.514 Total assets 152 279 $ 147.868 122.509 Liabilities and Equity Current labilities Common stock Other paid-in capital Retained earnings Total liabilities and equity s 22,23322.032 21439 8.500 8.500 S,514 $ 152 279 147.868 5 122.509 10.00 points Required: 1. Complete the below table to calculate each year's current ratio Ratio Choose Numerator: Choose Denominator: Current ratio Curent ratio 2016 2015 2014
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