Assets 2020 2021 Current assets 2020 and 2021 Balance Sheets Liabilities and Owners' Equity Current liabilities Cash $ 7,800 $12,250 Accounts payable Accounts receivable 15,800 31,000 Notes payable Inventory 53,400 64,250 Total $77,000 $ 107,500 Total Long-term debt Owners' equity 2020 2021 $46,400 $52,750 20,600 26,500 $67,000 $ 79,250 $ 46,000 $40,000 Common stock and paid-in surplus $50,000 $50,000 Retained earnings 237,000 330,750 Net plant and equipment Total $287,000 323,000 392,500 380,750 $ Total assets 400,000 500,000 Total liabilities and owners' equity 400,000 500,000 Based on the balance sheets given for Just Dew It: a. Calculate the current ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate the quick ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Calculate the cash ratio for each year. (Do not round intermediate calculations and round your aneware to 2 decimal place