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Chapter 3 Homework 10 Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 20 2 2019 Current assets Assets 2017
Chapter 3 Homework 10 Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 20 2 2019 Current assets Assets 2017 $ 8.950 15750 34.650 $ 46.600 19,400 .se Accounts recevable Inventory Total JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Lisbilities and Owners' Equity 2019 2017 Current liabilities $ 14,200 Accounts payable $ 37,500 23.000 Notes payable 11950 52.200 $ 99.400 Total $ 49.350 Long-term debt $ 27,000 Owners' equity Common stock and paid $45.000 surplus Retained earnings 178,650 $ 59,250 $ 66,000 $ 24,000 Rare $ 45.000 265,000 Net plant and equipment $ 240,750 $310.600 Tota $223.650 $ 310,000 Total assets $300,000 $400,000 Totallisbilities and owners! equity $300,000 $400.000 Based on the balance sheets given for Just Dew it 1. Calculate the current ratio for each yesr. (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 3216.) b. Calculate the quick ratio for each year (Do not round Intermediate calculations and round your answers to 2 decimal places, eg.. 32.16.) c Calculate the cash ratio for each year. (Do not round Intermediate calculations and round your answers to 2 decimal places, eg. 32.16.) d. Calculate the NWC to total screts rstio for each year. Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, eg. 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 rstio and long-term debt ratio for each year. (Do not round Intermediate calculations and round your answers to 2 decimal places, eg.. 3216.) 2017 2018 times | Times | times AGE a. Current ratio b. Quick ratio Cash ratio d. NWC ratio Debt-quity ratio Equity multiplier 1. Totaldobro Long-term dettato times times % times times times times times times times times
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