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[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

[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, 2019, 2018, and 2017
2019 2018 2017
Sales $ 484,546 $ 371,202 $ 257,600
Cost of goods sold 291,697 233,486 164,864
Gross profit 192,849 137,716 92,736
Selling expenses 68,806 51,226 34,003
Administrative expenses 43,609 32,666 21,381
Total expenses 112,415 83,892 55,384
Income before taxes 80,434 53,824 37,352
Income tax expense 14,961 11,034 7,582
Net income $ 65,473 $ 42,790 $ 29,770

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2019, 2018, and 2017
2019 2018 2017
Assets
Current assets $ 60,464 $ 40,469 $ 54,097
Long-term investments 0 900 4,100
Plant assets, net 114,035 103,587 61,899
Total assets $ 174,499 $ 144,956 $ 120,096
Liabilities and Equity
Current liabilities $ 25,477 $ 21,598 $ 21,017
Common stock 66,000 66,000 48,000
Other paid-in capital 8,250 8,250 5,333
Retained earnings 74,772 49,108 45,746
Total liabilities and equity $ 174,499 $ 144,956 $ 120,096

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

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