Assets 2017 2018 Current assets Cash Accounts receivable Inventory $ 6,560 16,160 61,280 $ 84,000 $ 53,000 23,600 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 8,600 Accounts payable $ 51,840 22,600 Notes payable 21,600 74.600 $105,800 Total $ 73,440 Long-term debt $ 32,000 Total $ 76,600 $ 30,000 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 LOSCU VITUIC VOICI LE SUCCES Y VEHTUI JUSLUCW IL 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.) Calculate the cash ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g.. 32.16.) 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 f. Total debt ratio Long-term debt ratio times times times times times times times times