Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 12.750 Accounts payable $ 50,000 14,250 Notes payable 19,000 95,250 $ Current assets Cash Accounts receivable Inventory $ 6,600 12,200 78,200 $ 68,750 35,500 Total $ 97,000 $ 122,250 Total $ 69,000 $ 48,000 $ 104,250 $ 45,000 Long-term debt Owners' equity Common stock and paid-in $ 50.000 surplus Retained earnings 233,000 $ 50,000 300,750 Total $ 97,000 $ 122,250 Total $104,250 $ 69,000 $ 48,000 Long-term debt $ 45,000 Owners' equity Common stock and paid-in $ 50.000 surplus Retained earnings 233,000 $ 50,000 300,750 Net plant and equipment $303,000 $ 377,750 Total $283,000 $350,750 Total assets $400,000 $500,000 Total liabilities and owners' equity $400,000 $500,000 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 Yound 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.) 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 a. Current ratio b. Quick ratio C Cash ratio d. NWC ratio times times e. Ca calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 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.) 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.) f. 2017 2018 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 times times % times times times times
