JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets

Assets

Liabilities and Owners Equity

2014

2015

2014

2015

Current assets

Current liabilities

Cash

$

6,600

$

15,250

Accounts payable

$

62,400

$

65,750

Accounts receivable

26,600

29,750

Notes payable

26,400

31,500

Inventory

75,800

92,250

Total

$

109,000

$

137,250

Total

$

88,800

$

97,250

Long-term debt

$

50,000

$

40,000

Owners equity

Common stock and paid-in surplus

$

52,000

$

52,000

Retained earnings

209,200

310,750

Net plant and equipment

$

291,000

$

362,750

Total

$

261,200

$

362,750

Total assets

$

400,000

$

500,000

Total liabilities and owners equity

$

400,000

$

500,000

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