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Selected comparative financial statements of Korbin Company follow: KORDIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015

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Selected comparative financial statements of Korbin Company follow: KORDIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $385,981 $ 295,693 $ 205,200 Cost of goods sold 232,361 187, 174 131,328 Gross profit 153,620 108,519 73,872 Selling expensen 54,809 40,806 27,086 Administrative expenses 34,238 26,021 17,032 Total expenses 89,547 66,827 44, 118 Income before taxes 64,073 41,692 29, 754 Income taxe 11,918 8,547 6,040 Net income $ 52, 155 $ 33,145 $ 23,714 2015 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 Assets Current assets $ 48,409 $ 37,874 Long-term investments 0 800 Plant assets, net 91,299 96,988 Total assets $ 139,708 $135,662 Liabilities and Equity Current liabilities $ 20,397 $ 20,214 Common stock 64,000 64,000 Other paid-in capital 8,000 8,000 Retained earnings 47,311 43, 448 Total liabilities and equity $ 139, 708 $ 135,662 $ 50,629 4,310 57,457 $112,396 $ 19,669 46,000 5,111 41,616 $112,396 Required: 1. Complete the below table to calculate each year's current ratio. Required: 1. Complete the below table to calculate each year's current ratio. Choose Numerator: Current Ratio 1 Choose Denominator: / Current ratio Current ratio 2017 / to 1 2016 / to 1 2015 / to 1

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