2020 2021 Assets Current assets Cash Accounts receivable Inventory Total JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2020 2021 Liabilities and Owners' Equity Current liabilities $ 11,250 $ 19,440 Accounts payable 11,850 16,080 Notes payable 39,150 60,240 $ 30,600 $ 49,200 24,900 31,200 $ 62,250 $ 95,760 Total $ 55,500 $ 80,400 Long-term debt $ 27,000 $ 24,000 Owners' equity Common stock and pald-in surplus $ 48,000 $ 48,000 Retained earnings 169,500 327,600 Net plant and equipment $ 237,750 $ 384,240 Total $ 217,500 $ 375,600 Total assets 300,000 480,000 Total liabilities and owners' equity $ 300,000 480,000 2020 2021 a. Current ratio times times b. Quick ratio times times c. Cash ratio times times d. NWC ratio % % times times e. Debt-equity ratio e. Equity multiplier f. Total debt ratio f. Long-term debt ratio times times times times times times