Question
9 3.44 points Just Dew It Corporation reports the following balance sheet Information for 2020 and 2021 JUST DEW IT CORPORATION 2020 and 2021
9 3.44 points Just Dew It Corporation reports the following balance sheet Information for 2020 and 2021 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Assets 2020 Current assets Cash $ 11,250 $19,440 Accounts receivable Inventory eBook Total Print 11,850 16,080 39,150 60,240 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable $62,250 $95,760 Total Long-term debt Owners' equity 2020 2021 $ 30,600 $49,200 24,900 31,200 $ 55,500 $ 80,400 $27,000 $ 24,000 References Mc Graw Common stock and paid-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 $ $ $ Total liabilities and owners equity 480,000 300,000 480,000 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.) Pray Navi 9 3.44 points eBook Print References 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.) 1. 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.) Mc 2020 2021 a. Current ratio 1.17 times b. Quick ratio c. Cash ratio 0.36 times 1.85 times 0.48 times 0.08 times 0.17 times d. NWC ratio 0.09 % 0.12 % e. Debt-equity ratio times times e. Equity multiplier times times f. Total debt ratio times times f. Long-term debt ratio times times
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