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Assets 2 0 2 0 2 0 2 1 Liabilities and Owners Equity 2 0 2 0 2 0 2 1 Current assets Current liabilities

Assets 20202021 Liabilities and Owners Equity 20202021
Current assets Current liabilities
Cash $ 4,350 $ 9,800 Accounts payable $ 48,000 $ 49,800
Accounts receivable 11,55014,200 Notes payable 10,35018,600
Inventory 58,35075,800
Total $ 74,250 $ 99,800 Total $ 58,350 $ 68,400
Long-term debt $ 42,000 $ 34,000
Owners equity
Common stock and paid-in surplus $ 45,000 $ 45,000
Retained earnings 154,650252,600
Net plant and equipment $ 225,750 $ 300,200 Total $ 199,650 $ 297,600
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.)

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