11 2020 2020 2021 Assets Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities $ 11.280 Accounts payable 20,400 Notes payable 90,480 3.63 points $ 4,000 14,880 61,920 $ 39,040 $ 48,720 12,960 17,280 Total $ 80,800 $ 122,160 Total $ 52,000 $ 66,000 eBook Long-term debt $ 48,000 $ 36,000 Owners' equity Common stock and paid-in surplus $ 60,000 $ 60,000 Retained earnings 160,000 318,000 Print Net plant and equipment Total 239,200 $ 357,840 $ $ 220,000 378,000 References Total assets $ $ 320,000 480,000 Total liabilities and owners' equity $ $ 320,000 480,000 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 answers to 2 decimal places, e.g., 32.16.) d. Calculate the NWC to total assets ratio for each year. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) e. Calculate the debt-equity ratio and equity multiplier for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) f. Calculate the total debt ratio and long-term debt ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 2020 2021 1.75 times 1.85 times 0.48 times 0.36 times 0.17 times 0.12% a. Current ratio b. Quick ratio c. Cash ratio d. NWC ratio e. Debt-equity ratio e. Equity multiplier f. Total debt ratio f. Long-term debt ratio 0.08 times 0.09% times times times times times times times times