Hello,

Could you please help me with the assignment?

Thanks,

Tariq

Based on the balance sheets given for Just Dew It: a. Calculate the current ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate the quick ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Calculate the cash ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 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.) 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 ratio and long-term debt ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 2017 2018 a. Current ratio times times b. Quick ratio times times Cash ratio times times % % times times d. NWC ratio e. Debt-equity ratio Equity multiplier f. Total debt ratio times times times times Long-term debt ratio times times Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 13,275 Accounts payable $ 52,560 29,925 Notes payable 19,260 82,575 $ 10,620 Current assets Cash Accounts receivable Inventory $ 60,750 21,420 24,075 67,860 Total $ 99,900 $ 125,775 Total $ 71,820 $ 84,825 Long-term debt $ 36,000 $ 27,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 45,000 $ 45,000 207,180 293,175 Net plant and equipment $ 260,100 $324,225 Total $ 252,180 $ 338,175 Total assets $360,000 $450,000 Total liabilities and owners' equity $360,000 $450,000 II. Long-term solvency, or financial leverage, ratios Total assets Total equity Total debt ratio = Total assets Debt-equity ratio = Total debt/Total equity TABLE 3.8 Common Financial Ratios 1. Short-term solvency, or liquidity, ratios Current assets Current ratio = Current liabilities Current assets Inventory Quick ratio = Current liabilities Cash Cash ratio Current liabilities Net working capital Net working capital to total assets = Total assets Current assets Interval measure Average daily operating costs Equity multiplier = Total assets/Total equity III. Asset management, or turnover, ratios Cost of goods sold Inventory turnover = Inventory Days' sales in inventory = 365 days Inventory turnover Sales Receivables turnover = Accounts receivable Days' sales in receivables = 365 days Receivables turnover Sales NWC turnover = NWC Fixed asset turnover = Sales Net fixed assets Sales Total asset turnover = Total assets Long-term debt Long-term debt ratio = Long-term debt + Total equity EBIT Times interest earned ratio Interest Cash coverage ratio = EBIT + Depreciation Interest IV. Profitability ratios Net income Profit margin = Sales Net income Return on assets (ROA) = Total assets Net income Return on equity (ROE) = Total equity Sales ROE = Net income Assets Sales Assets Equity V. Market value ratios Price-earnings ratio Price per share Earnings per share PEG ratio Price-earnings ratio Earnings growth rate (%) Price per share Price-sales ratio Sales per share Market-to-book-ratio = Market value per share Book value per share Tobin's Q ratio = Market value of assets Replacement cost of assets Enterprise value-EBITDA ratio = Enterprise value EBITDA