Selected comparative financlal statements of Korbin Company follow.

roblem $17-2$A $($Algo$)$ Part $1$

Problem $17-2$A $($Algo$)$ Part $1$

Required:

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

$\backslash$table$[[$Current Ratio$],[,$Numerator:,$1,$Denominator:,$=,$Current ratio,,,$],[,,1,,=,$Current ratio,,,$],[2021,,1,,=,$to $1,,,],[2020,,1,,=,$to $1,,,],[2019,,1,,=,$to $1,,,]]$

Problem $17-2$A $($Algo$)$ Part $4$

$4.$ Refer to the results from parts $1,2,$ and $3.$

$($a$)$ Did cost of goods sold make up a greater portion of sales for the most recent year compared to the prior year?

Yes

$($b$)$ Did income as a percent of sales improve in the most recent year compared to the prior year?

Yes No

Problem $17-2$A $($Algo$)$ Part $2$

$2.$ Complete the below table to calculate income statement data in common$-$size Note: Round your percentage answers to $2$ decimal places.

$3.$ Complete the below table to calculate the balance sheet data in trend percents with Note: Round your percentage answers to $2$ decimal places.

$\backslash$table$[[$KORBIN COMPANY$],[$Balance Sheet Data in Trend Percents$],[$December $31,2021,2020$ and $2019],[,2021,2020,2019],[$Assets$],[$Current assets,,$\%,,\%,100\mathrm{.}00,\%$