b. Quick ratio = (Current Assets Inventory)/Current Liabilities

2014:

2015:

c. NWC to total assets ratio.

2014:

2015:

d. Debtequity ratio = (Current Liabilities + Long-term Debt)/Total Equity

2014:

2015:

e. Total debt ratio = (Current Liabilities + Long-term Debt)/Total Assets

2014:

2015:

Chapter 3 Q17. Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. Use this information to work Problem 17. 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities Cash $8,436 $ 10,157 Accounts $ 43,050 $46,821 payable Accounts 21.530 23,406 Notes payable 18.384 17,382 receivable Inventory 38.760 42,650 Total $ 61,434 $ 64,203 Total S 68,726 $76.213 Long-term debt $ 25,000 $32,000 Owners' equity Common stock $ 40,000 $40,000 and paid-in surplus Retained 168 998 188.316 earnings Net plant and $226,706 $248, 306 Total $208.998 $228 316 equipment Total assets $295 432 $324,519 Total liabilities $295,432 $324.519 and owners equity Based on the balance sheets given for Just Dew It, calculate the following financial ratios for each year (2014 & 2015): a. Current ratio 2014: 2015: 3