Selected comparative financial statements of Korbin Company follows:

Comparative Income Statement

2014 2013 2012

Sales $555,000 $340,000 $278,000

Cost of goods sold $283,500 $212,500 153,900

Gross profit 271,500 127,500 124,100

Selling expenses 102,900 46,920 50,800

Adm. expenses 50,668 29,920 22,800

Total expenses 153,568 76,840 73.600

Income before tax 117,932 50,660 50,500

Income taxes 40,800 10,370 15,670

Net income 77,132 40,290 34,830

Comparative Balance Sheet

Assets 2014 2013 2012

Current assets $52,390 $37,924 $51,748

Long-term investments 0 500 3,950

Plant assets, net 100,000 96,000 60,000

Total assets 152,390 134,424 115,698

Liabilities and Equity

Current liabilities 22,800 19,960 20,300

Common stock 72,000 72,000 60,000

Other paid in capital 9,000 9,000 6,000

Retained earnings 48,590 33,464 29,398

Total liabilities and equity 152,390 134,424 115,698

Required:

1. compute each years current ratio (round ratio amounts to one decimal).

2. Express the income statement data in common-size percents (round percents to two decimals).