[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 $ 400, 841 $ 307,077 $ 213,100 Cost of goods sold 241,306 193,766 136,384 Gross profit 159,535 113, 311 76,716 Selling expenses 56,919 42,377 28, 129 Administrative expenses 36,076 27,023 17,687 Total expenses 92,995 69,400 45,816 Income before taxes 66,540 43,911 30,900 Income tax expense 12,376 9,002 6,273 Net income $ 54,164 $ 34,909 $ 24,627 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets $ 57,555 $ 38,522 $ 51,494 Long-term investments 1,100 4,600 Plant assets, net 110,243 99,767 59,390 Total assets $ 167,798 $ 139,389 115,484 Liabilities and Equity Current liabilities $ 24,499 $ 20,769 $ 20,210 Common stock 72,000 72,000 54,000 Other paid-in capital 9,000 9,000 6,000 Retained earnings 62,299 37,620 35,274 Total liabilities and equity $ 167,798 $ 139,389 $ 115,484 Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Choose Denominator: Choose Numerator: 1 Current ratio / 1 Current ratio 0 to 1 0 to 1 0 to 1 2019 2018 2017 11 1 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 5 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income 3. Complete the below table to calculate the balance sheet data in trend percents with 2017 as base year. (Round your percentag answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2019, 2018 and 2017 2019 2018 2017 Assets % % 100.00 % 100.00 100.00 9 100.00 % Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities % % 100.00 % 100.00 100.00 Common stock Other paid-in capital Retained earnings Total liabilities and equity 100.00 100 00 % %