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Assets 2017 2018 2018 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 51,840 Notes payable 21,600 $ Current assets Cash Accounts receivable Inventory
Assets 2017 2018 2018 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 51,840 Notes payable 21,600 $ Current assets Cash Accounts receivable Inventory $ 6.560 16,160 61,280 8,600 22.600 74.600 $ 53,000 23,600 Total $ 84,000 $105,800 Total Book $ 73,440 $ 32,000 $ 76,600 $ 30.000 Herences Long-term debt Owners' equity Common stock and paid.in 40.000 Surplus Retained earnings 174,560 $ 40.000 253.400 Net plant and equipment $236,000 $294 200 Total $ 214,560 $293.400 Total assets $320,000 $400,000 Total liabilities and owners equity $320,000 $400,000 a. Calculate the current ratio foreaco 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. 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.) 2017 2018 times times times times times times a. Current ratio b. Quick ratio C Cash ratio d. NWC ratio e. Debt-equity ratio Equity multiplier Total debt ratio Long-term debt ratio times times times times times times times times
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