3. At the end of the next two years, Lee Delivery Company reported the following amounts on its statements of financial position: December 31, 2021 December 31, 2022 Current assets Non-current assets Total assets Short-term notes payable Long-term notes payable Total liabilities Shareholders' equity $ 53,500 $ 48,500 39,500 74,500 93,000 123,000 24,500 41,500 18,500 21,500 43,000 63,000 50,000 60,000 3-a. Compute the company's current ratio for 2020, 2021, and 2022. (Round the final answers to 2 decimal places.) Current ratio 2020 2021 2022 4. At the beginning of 2023, Lee Delivery Company applied to your bank for a $50,000 short-term loan to expand the business. The vice-president of the bank asked you to review the information and make a recommendation on lending the funds based solely on the results of the current ratio. What recommendation would you make to the bank's vice-president about lending the money to Lee Delivery Company? Should not extend loan Should extend loan