9. Just Dew It Corporation reports the following balance sheet information for 2008 and 2009 JUST DEW IT CORPORATION 2008 and 2009 Balance Sheets Assets Liabilities and Owners Equity 2008 2009 2008 2009 Current assets Current liabilities Cash Accounts receivable Inventory Total s 10,150 10,350 Accounts payable $ 74500 48,500 61,250 49,250 27.100 62,900 $ 100.150 27 250 Notes payable 63,500 Total $ 123,000 110,500 S 64,900 101.100 Long-term debt S 59,400 Owners' equity Common stock and paid-in surplus Retained earnings 80,000 80,000 192,700 $ Fixed assets Net plant and equipment $334.000 $347,000 Total Total assets 171.750 S251.750S 272,700 434,150 448 100 Total liabilities and $434,150$448 100 owners equity Requirement 1: Based on the balance sheets given for Just Dew t, calculate the following fnandial catios for the year 2008