Assets Current assets Cash 2020 2021 $ 11,000 $ 14,250 Accounts receivable 27,000 Inventory 75,000 36,750 96,250 Notes payable Liabilities and Owners' Equity Current liabilities Accounts payable 2020 2021 $ 54,000 $ 63,750 14,800 20,500 Total $113,000 $147,250 Total Long-term debt $ 68,800 $ 84,250 $ 50,000 $40,000 Owners' equity Common stock and paid-in surplus $ 55,000 $55,000 Retained earnings 226,200 320,750 Net plant and equipment $287,000 $352,750 Total $281,200 $ 375,750 Total assets $ 400,000 $ $ $ Total liabilities and owners' equity 500,000 400,000 500,000 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 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 and 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.) 2020 2021 a. Current ratio 1.64 times 1.75 times b. Quick ratio 0.55 times 0.61 times c. Cash ratio 0.16 times 0.16 times d. NWC ratio 11.00 % % e. Debt-equity ratio times times e. Equity multiplier times times f. Total debt ratio times times f. Long-term debt ratio times times