Selected comparative financial statement information of Bluegrass Corporation follows.

Required
1. Compute each year's current ratio. (Round ratio amounts to one decimal.)
2. Express the income statement data in common-size percents. (Round percents to two decimals.)
3. Express the balance sheet data in trend percents with 2015 as the base year. (Round percents to two decimals.)
Analysis Component
4. Comment on any significant relations revealed by the ratios and percents computed.

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BLUEGRASS CORPORATION Comparatlve Balance Sheets December 31, 2017, 2016, and 2015 2017 2016 2015 Assets Current assets. 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 54,860 32,660 36,300 1,700 10,600 112,810 13,660 79,000 $167,670 $148,020 $125.900 S 22,370 19,180 16,500 46,500 46,500 37,000 13,850 13,850 11300 61,100 $167.670 $148,020 $125,900 84,950 68,490 Comparatlve Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales Cost of goods sold Gross profit Selling expenses. Administrative expenses Total expenses Income before taxes. Income taxes. Net income . $198,800 $166,000 $143,800 108,89086.17566,200 89,910 79,825 77,600 2.680 19.790 8,000 15,700 16,760 14,610 39440 34400 55.100 33,700 50,470 45,425 43,900 5,300 . 44.420 39.515 38,600 6,0505,910