1).

Based only on the following information for Thrice Corp., did cash go up or down? By how much? Classify each event as a source or use of cash.

Decrease in inventory	$420
Decrease in accounts payable	130
Increase in notes payable	710
Increase in accounts receivable	270

A. Cash decreased by $730

B. Cash increased by $730

C. Cash increased by $1,270

D. Cash decreased by $1,530

E. Cash increased by $990

2).

What is the Current ratio?

What is the quick ratio?

Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $ 10,500 $ 75,000 Cash $ 10,850 Accounts payable $ 58,250 Accounts receivable 28,750 28,900 Notes payable 47,000 46,750 $ 122,000 Inventory 64,800 63,000 Total $ 105,000 $ 104,050 Total $ 102,750 Long-term debt $ 56,100 $ 62,300 Owners' equity Common stock and paid-in $ 84,000 $ 84,000 surplus Fixed assets Retained earnings 156,950 193,450 Net plant and $ 240,950 $ 315,000 $ 342,000 Total $ 277,450 equipment Total assets $ 419,050 $ 419,050 $ 444,750 Total liabilities and $ 444,750 owners' equity Based on the balance sheets given for Just Dew lt, calculate the following financial ratios for the year 2017