The Hershey Company (HSY) is the largest producer of chocolate in North America under the Hershey€™s and Reese€™s brand names. The following balance sheet information is provided at the end of three recent years (in thousands):

a. Compute the working capital for the three years.
b. Compute the current ratio for the three years. Round to one decimal place.
c. Compute the quick ratio for the three years. Round to one decimal place.
d. Interpret the short-term liquidity for the three years from (c).
e. Are the other two measures in (a) and (b) consistent with your analysis in (d)?

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Year 1 Year 3 Year 2 Current assets: $ 346,529 $ 296,967 $ 374,854 97,131 596,940 801,036 377,086 Cash.... Short-term investments. 581,381 745,678 192,752 Accounts receivable 599,073 750,970 152,026 Inventories... Other current assets Total current assets.. $1,816,778 $1,848,598 $2,247,047 Current liabilities: Accounts payable.... Other current liabilities Total current liabilities. $ 474,266 1,743,646 $ 482,017 1,453,630 $ 522,536 1,386,907 $2,217,912 $1,935,647 $1,909,443