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.
c. Compute the quick ratio for the three years.
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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Current assets: Cash Short-term investments. Accounts receivable Inventories.... Other current assets Total current assets.. Current liabilities: Accounts payable.... Other current liabilities Total current liabilities... Year 3 $ 493,262 - 568,509 815,251 240,080 $2,117,102 $ 550,828 1,457,965 $2,008,793 Year 2 $ 587,998 594,145 784,879 272,159 $2,239,181 $ 502,314 1,916,252 $2,418,566 Year 1 $ 380,179 - 588,262 752,836 280,633 $2,001,910 $ 523,229 1,553,314 $2,076,543