Assets 2017 2018 Current assets Cash Accounts receivable Inventory Total $ 6600 26,600 75,800 $ 109,000 $ 65,750 31,500 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 15,250 Accounts payable $ 62.400 29.750 Notes payable 26,400 92.250 $ 137,250 Total $ 88.800 Longterm debt $ 50,000 Owners' equity Common stock and paid in $ 52,000 surplus Retained earnings 209.200 $97.250 $ 40,000 $ 52,000 310,750 Net plant and equipment $ 291.000 $362,750 Total $ 261,200 $362.750 Total assets $400,000 $500,000 Total liabilities and owners equity $400.000 $500,000 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. 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.) 2018 1,41 times a. Current ratio b. Quick ratio Cash ratio 2017 1.23 times 0.37 times 0.07 times % times times times 0.46 times 0.15 times % times d. NWC ratio e. Debt-equity ratio Equity multiplier f. Total debt ratio Long-term debt ratio times times times times