Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 444,480 340,508 236,300 267,577 214,520 151,232 85,068 63, 116 46,990 31,192 19,613 50,805 34,263 10,0526,955 s 60,060 38,981 $ 27,308 176,903 125,988 40,003 103,119 73,784 13,724 29,965 76,955 49,033 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 Assets Current assets Long-term investments Plant assets, net Total assets 50,981 39,886 53,319 59,205 s145,660 141,441 $117,184 21,266 21,075 20,507 94,679 100,755 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 65,000 65,000 47,000 51,269 47,24144,455 145,660 $141,441 117,184 Required: 1. Complete the below table to calculate each year's current ratio. nt Current Ratio nces Choose Numerator: Choose Denominator:Current ratio Current ratio to 1 to 1 to 1 9 2017 2016 2015