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 $ 11.800 Accounts payable 29,000 Notes payable 47,000 $ 7,950 23,550 36,750 $ 40,500 $ 45,800 14,850 20,800 Total $ 68,250 $ 87,800 Total $ 55,350 $ 66,600 Long-term debt $ 30,000 $ 24,000 Owners' equity Common stock and paid-in surplus $ 42,000 $ 42,000 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 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 times a. Current ratio b. Quick ratio times times times times c. Cash ratio times d. NWC ratio % % times times times times e. Debt-equity ratio e. Equity multiplier f. Total debt ratio f. Long-term debt ratio times times times times