[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 Sales 2021 $ 402,722 2020 2019 $ 308,518 $214,100 Cost of goods sold 242,439 194,058 137,024 Gross profit 160,283 114,460 77,076 Selling expenses 57,187 42,575 28,261 Administrative expenses 36,245 27,150 17,770 Total expenses 93,432 69,725 46,031 Income before taxes 66,851 44,735 31,045 Income tax expense 12,434 9,171 6,302 Net income $ 54,417 $ 35,564 $24,743 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings $ 62,930 0 $ 42,119 600 $ 56,304 118,686 108,149 $181,616 $150,868 4,670 64,020 $124,994 $ 26,516 $22,479 $ 21,874 64,000 64,000 46,000 8,000 8,000 5,111 83,100 56,389 52,009 Total liabilities and equity $181,616 $150,868 $124,994 Required: 1. Complete the below table to calculate each year's current ratio. 2021 2020 2019 Numerator: 1 Current Ratio Denominator: = Current ratio = Current ratio = to 1 = to 1 = to 1