Based on the balance sheets given for Just Dew It:

a.	Calculate the current ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

	2014	2015
Current ratio	times	times

b.	Calculate the quick ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

	2014	2015
Quick ratio	times	times

c.	Calculate the cash ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

	2014	2015
Cash ratio	times	times

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.)

	2014	2015
NWC ratio	%	%

e.	Calculate the debtequity ratio and equity multiplier for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

	2014	2015
Debt-equity ratio	times	times
Equity multiplier

f.	Calculate the total debt ratio and long-term debt ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

	2014	2015
Total debt ratio	times	times
Long-term debt ratio	times	times

8. Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. Assets 2014 JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 15,120 Accounts payable $ 61,600 25 200 Notes payable 14.400 89,040 2015 Current assets Cash Accounts receivable Inventory $ 7,400 23,400 76,200 $ 62,160 18 240 Total $107.000 $129,360 Total $ 76,000 $ 80,400 $ 48,000 $ 36,000 Long-term debt Owners' equity Common stock and paid in surplus Retained earnings $ 60,000 216,000 $ 60,000 303 600 Net plant and equipment $293,000 $350,640 Total $ 276,000 $363,600 Total assets $400,000 $480,000 Total liabilities and owners' equity $400,000 $ 480,000