Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets 2020 Current assets Cash $4,350 Accounts receivable Inventory $9,800 11,550 14,200 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 2020 2021 $ 48,000 $49,800 10,350 18,600 58,350 75,800 Total $74,250 $ 99,800 Total Long-term debt $ 58,350 $68,400 $ 42,000 $34,000 Owners' equity Common stock and paid-in surplus $45,000 $45,000 Retained earnings 154,650 252,600 $ Net plant and equipment $ 225,750 Total $199,650 300,200 297,600 $ $ $ Total assets Total liabilities and owners' equity 300,000 400,000 300,000 400,000 Based on the balance sheets given for Just Dew It: a. Calculate the current ratio for each year. (Do not round intermediate calculations