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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	$	554,143		$	424,519		$	294,600
Cost of goods sold		333,594			269,145			188,544
Gross profit		220,549			155,374			106,056
Selling expenses		78,688			58,584			38,887
Administrative expenses		49,873			37,358			24,452
Total expenses		128,561			95,942			63,339
Income before taxes		91,988			59,432			42,717
Income taxes		17,110			12,184			8,672
Net income	$	74,878		$	47,248		$	34,045

KORBIN COMPANY
Comparative Balance Sheets
December 31, 2017, 2016, and 2015
	2017			2016			2015
Assets
Current assets	$	49,472		$	38,706		$	51,740
Long-term investments		0			800			3,650
Plant assets, net		94,761			100,549			60,646
Total assets	$	144,233		$	140,055		$	116,036
Liabilities and Equity
Current liabilities	$	21,058		$	20,868		$	20,306
Common stock		67,000			67,000			49,000
Other paid-in capital		8,375			8,375			5,444
Retained earnings		47,800			43,812			41,286
Total liabilities and equity	$	144,233		$	140,055		$	116,036

1. Complete the below table to calculate each year's current ratio. Current Ratio 1 Choose Denominator: Choose Numerator: = 2017 2016 2015 Current ratio Current ratio 0 to 1 0 to 1 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.) 2015 Sales KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 3. Complete the below table to calculate the balance sheet data in trend percents with 2015 as the base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2017, 2016 and 2015 2017 2016 2015 Assets Current assets L % % 100.00 % 100.00 100.00 100.00 % Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 100.00 % 100.00 100.00 100.00 100.00 %

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