[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, 2018, 2017, and 2016
	2018			2017			2016
Sales	$	444,857		$	340,797		$	236,500
Cost of goods sold		267,804			215,043			151,360
Gross profit		177,053			125,754			85,140
Selling expenses		63,170			47,030			31,218
Administrative expenses		40,037			29,990			19,630
Total expenses		103,207			77,020			50,848
Income before taxes		73,846			48,734			34,292
Income tax expense		13,735			9,990			6,961
Net income	$	60,111		$	38,744		$	27,331

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2018, 2017, and 2016
	2018			2017			2016
Assets
Current assets	$	46,886		$	36,682		$	49,036
Long-term investments		0			900			3,460
Plant assets, net		89,807			95,152			57,474
Total assets	$	136,693		$	132,734		$	109,970
Liabilities and Equity
Current liabilities	$	19,957		$	19,777		$	19,245
Common stock		64,000			64,000			46,000
Other paid-in capital		8,000			8,000			5,111
Retained earnings		44,736			40,957			39,614
Total liabilities and equity	$	136,693		$	132,734		$	109,970

Required:

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

Current Ratio
	Choose Numerator:	/	Choose Denominator:	=	Current ratio
		/		=	Current ratio
2018:		/		=	0	to 1
2017:		/		=	0	to 1
2016:		/		=	0	to 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, 2018, 2017, and 2016
	2018		2017		2016
Sales		%		%		%
Cost of goods sold		-1		-1		-1
Gross profit
Selling expenses		-1		-1		-1
Administrative expenses		-1		-1		-1
Total expenses
Income before taxes		-1		-1		-1
Income tax expense		-1		-1		-1
Net income		%		%		%

3. Complete the below table to calculate the balance sheet data in trend percents with 2016 as the base year. (Round your percentage answers to 2 decimal places.)

KORBIN COMPANY
Balance Sheet Data in Trend Percents
December 31, 2018, 2017 and 2016
	2018		2017		2016
Assets
Current assets		%		%	100.00	%
Long-term investments					100.00
Plant assets, net					100.00
Total assets		%		%	100.00	%
Liabilities and Equity
Current liabilities		%		%	100.00	%
Common stock					100.00
Other paid-in capital					100.00
Retained earnings					100.00
Total liabilities and equity		%		%	100.00	%