JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets
Assets									Liabilities and Owners Equity
	2014				2015					2014				2015
Current assets									Current liabilities
Cash	$	7,050			$	10,600			Accounts payable	$	34,500			$	40,600
Accounts receivable		25,050				28,800			Notes payable		21,150				21,800
Inventory		55,650				72,200
Total	$	87,750			$	111,600			Total	$	55,650			$	62,400
									Long-term debt	$	36,000			$	33,000
									Owners equity
									Common stock and paid-in surplus	$	48,000			$	48,000
									Retained earnings		160,350				256,600
Net plant and equipment	$	212,250			$	288,400			Total	$	208,350			$	304,600
Total assets	$	300,000			$	400,000			Total liabilities and owners equity	$	300,000			$	400,000

Based on the balance sheets given for Just Dew It:

a.	Calculate the current ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

	2014	2015
Current ratio	times	times

b.	Calculate the quick ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

	2014	2015
Quick ratio	times	times

c.	Calculate the cash ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

	2014	2015
Cash ratio	times	times

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.)

	2014	2015
NWC ratio	%	%

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

JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets
Assets									Liabilities and Owners Equity
	2014				2015					2014				2015
Current assets									Current liabilities
Cash	$	7,050			$	10,600			Accounts payable	$	34,500			$	40,600
Accounts receivable		25,050				28,800			Notes payable		21,150				21,800
Inventory		55,650				72,200
Total	$	87,750			$	111,600			Total	$	55,650			$	62,400
									Long-term debt	$	36,000			$	33,000
									Owners equity
									Common stock and paid-in surplus	$	48,000			$	48,000
									Retained earnings		160,350				256,600
Net plant and equipment	$	212,250			$	288,400			Total	$	208,350			$	304,600
Total assets	$	300,000			$	400,000			Total liabilities and owners equity	$	300,000			$	400,000

Based on the balance sheets given for Just Dew It:

a.	Calculate the current ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

	2014	2015
Current ratio	times	times

b.	Calculate the quick ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

	2014	2015
Quick ratio	times	times

c.	Calculate the cash ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

	2014	2015
Cash ratio	times	times

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.)

	2014	2015
NWC ratio	%	%

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