Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2017 2018 Current assets Cash $ 8,850 $ 14,200 Current liabilities Accounts payable $ 37,500 $ 46,600 Accounts receivable Inventory 15,750 34,650 23,000 52,200 Notes payable 11,850 19,400 Total $ 59,250 $ 89,400 Total ces Long-term debt $ 49,350 $ 66,000 $ 27,000 $ 24,000 Owners' equity Common stock and paid-in $ 45,000 $ 45,000 surplus Retained earnings 178,650 265,000 Net plant and equipment $240,750 $310,600 Total $223,650 $310,000 < Prev 10 of 10 www Next Owners' equity Common stock and paid-in $ 45,000 $ 45,000 surplus Retained earnings 178,650 265,000 Net plant and equipment $240,750 $ 310,600 Total $223,650 $ 310,000 Book Total assets $300,000 $400,000 Total liabilities and owners' equity $300,000 $400,000 Print erences raw 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 < Prev 10 of 10 Next Che 20 10 points eBook Print References 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.) a. Current ratio b. Quick ratio Mc Graw 2017 2018 times times times times C Cash ratio times times d. NWC ratio % % e. Dobl-equity ratio times times Equity multiplier times times f. Total debt ratio times times Long-term debt ratio times times < Prev 10 of 10 Next Hill Type here to search