Selected comparative financial statements of Korbin Company follow.

KORBIN COMPANY

Comparative Income Statements

For Years Ended December $31$

$202120202019$

Sales $ $395,951$ $ $303,331$ $ $210,500$

Cost of goods sold $238,363192,312134,720$

Gross profit $157,588111,01975,780$

Selling expenses $56,22541,86027,786$

Administrative expenses $35,63626,69317,472$

Total expenses $91,86168,55345,258$

Income before taxes $65,72742,46630,522$

Income tax expense $12,2258,7066,196$

Net income $ $53,502$ $ $33,760$ $ $24,326$

KORBIN COMPANY

Comparative Balance Sheets

December $31$

$202120202019$

Assets

Current assets $ $57,430$ $ $38,438$ $ $51,383$

Long$-$term investments $01,1003,030$

Plant assets, net $106,65696,76758,516$

Total assets $ $164,086$ $ $136,305$ $ $112,929$

Liabilities and Equity

Current liabilities $ $23,957$ $ $20,309$ $ $19,763$

Common stock $64,00064,00046,000$

Other paid$-$in capital $8,0008,0005,111$

Retained earnings $68,12943,99642,055$

Total liabilities and equity $ $164,086$ $ $136,305$ $ $112,929$

Required:

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