Calculate current ratio

Calculate quick ratio

Calculate cash ratio

Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 11,000 $ 10,000 Accounts payable $ 71,250 $ 61,500 Accounts receivable 27,800 28,650 Notes payable 49,500 47,750 $ 120,750 Inventory 63,900 63,000 Total $ 109,250 $ 102,700 $ 56,900 Total $ 101,650 Long-term debt $ 62,200 Owners' equity Common stock and paid-in $ 89,000 $ 89,000 surplus Fixed assets Retained earnings 174,050 181,200 Net plant and $ 338,000 $ 263,050 $ 340,000 Total $ 270,200 equipment Total liabilities and $ 440,700 $ 440,700 Total assets $ 441,650 $ 441,650 owners' equity Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the year 2017