2017 2018 2017 2018 Current assets Current liabilities Cash Accounts $ 7,950 23,550 $ 11,800 Accounts payable 29,000 receivable Notes payable $ 40,500 14,850 $ 45,800 20,800 Inventory 36,750 47,000 Total $ 68,250 $ 87,800 Total Long-term debt $ 55,350 $ 66,600 $ 30,000 $ 24,000 Owners' equity Common stock and paid-in $ 42,000 $ 42,000 surplus Retained earnings 172,650 267,400 Net plant and equipment $231,750 $ 312,200 Total $214,650 $309,400 Total assets $300,000 $400,000 Total liabilities and owners equity $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 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. 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.) 2017 2018 a. Current ratio 1.23 times 1.32 mes b. Quick ratio times times Cash ratio times simes d. NWC ratio % N e Debl-equity ratio times mes Equity muller limes Ses t. Total debt ratio times mes Long-term debt rato mes tres