Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CALCULATE FOLLOWING FOR 2017 a. current ratio b. quick ratio c. cash ratio d. NWC to tital assets eatio e. devr equity ratio and equity

image text in transcribed
CALCULATE FOLLOWING FOR 2017
a. current ratio
b. quick ratio
c. cash ratio
d. NWC to tital assets eatio
e. devr equity ratio and equity multiplier
f. total debt ratio ans long term debt ratio
CALCULATE FOLLOWING FOR 2018
a. current ratio
b. quick ratio
c. cash ratio
d. NWC to tital assets eatio
e. devr equity ratio and equity multiplier
f. total debt ratio ans long term debt ratio
9 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 $ 10,500 $ 10,450 Accounts payable $ 73,750 $ 63,750 Accounts receivable 28,250 28,600 Notes payable 50,000 49,750 Inventory 64,300 63,500 $ 123,750 Total $ 113,500 Total $ 103,050 $ 102,550 $ 63,600 Long-term debt $ 64,600 Owners' equity Common stock and paid in $ 80,000 $ 80,000 surplus Fixed assets Retained earnings 163,700 191,450 Net plant and $ 328,000 $ 243,700 $ 347,000 Total $ 271,450 equipment Total liabilities and $ 431,050 Total assets $ 431,050 $ 449,550 $ 449,550 owners' equity Daced on the balance sheets niven for lust Dew it. calculate the following financial ratios

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Macroeconomics

Authors: Frank, Bernanke, Antonovics, Heffetz

3rd Edition

1259117162, 9781259117169

More Books

Students also viewed these Finance questions

Question

What are some methods of cattle identification?

Answered: 1 week ago