[The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales Cost oI goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Incometaxes Net income $555,000 $340,000 $278,000 50,800 22,800 73,600 50,500 15,670 $ 77,132 $ 40,290 $ 34,830 283,500 212,500 153,900 271,500 127,500 124,100 46,920 29,920 76,840 50,660 10,370 102,900 50,668 153,568 117,932 40,800 KORBIN COMPANY Comparative Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 AssetS Current assets Long-term investments Plant assets, net Total assets $ 52,390 $ 37,924 $ 51,748 3,950 60,000 $152,390 $134,424$115,698 500 96,000 100,000 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity$152,390 $134,424 $115,698 $ 22,800 $ 19,960 $ 20,300 60,000 6,000 29,398 72,000 9,000 48,590 72,000 9,000 33,464 Required: 1. Complete the below table to calculate each year's current ratio. Answer is complete but not entirely correct. Current Ratio Choose Numerator: Choose Denominator: Current ratio Current ratio Current assets Current liabilities 2017:$ 2016: S 2015:$ 52,390 $ 37,924$ 51,748$ 22,8002.3 19,600 X 20,3002.5 to to to