KORBIN COMPANY Comparative Balance Sheets December 31 Assets Current assets Long-term investments Plant assets, net Total...

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KORBIN COMPANY Comparative Balance Sheets December 31 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 2021 2020 2019 $ 56,869 0 102,429 $ 38,063 1,200 93,065 $ 50,881 800 853 $ 159,298 $ 132,328 $ 29,634 $ 23,258 $ 19,717 $ 19,186 72,000 72,000 54,000 9,000 55,040 9,000 31,611 6,000 30,448 $ 159,298 $ 132,328 $ 109,634 Required: 1. Complete the below table to calculate each year's current ratio. 2021 2020 2019 Numerator: Current Ratio Denominator: = Current ratio = Current ratio = 0 to 1 = 0 to 1 = 0 to 1 KORBIN COMPANY Comparative Balance Sheets December 31 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 2021 2020 2019 $ 56,869 0 102,429 $ 38,063 1,200 93,065 $ 50,881 800 853 $ 159,298 $ 132,328 $ 29,634 $ 23,258 $ 19,717 $ 19,186 72,000 72,000 54,000 9,000 55,040 9,000 31,611 6,000 30,448 $ 159,298 $ 132,328 $ 109,634 Required: 1. Complete the below table to calculate each year's current ratio. 2021 2020 2019 Numerator: Current Ratio Denominator: = Current ratio = Current ratio = 0 to 1 = 0 to 1 = 0 to 1