JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liablities and Owners' Equity 2018 $ 58,400 61,820 25,080 2017 2018 2017 Current assets Current llablities Cash Accounts $ 14,200 18,260 23,100 54,780 $85,000 $96,140 Accounts payable Notes payable 19,000 23,400 receivable Inventory 51,800 Total Total $ 81,800 86,900 Long-term debt $ 32,000 22,000 Owners' equity Common stock and pald-In 44,000 44.000 287100 $286,200 331100 Total liabilities and owners $400,000 440,000 surplus Retalned earnings 242.200 Net plant and equipment $315,000 $343,860 Total Total assets $400,000 $440,000 Based on the balance sheets given for Just Dew It a. Calculate the current ratio for each year. (Do not round Intermediate caiculations b. Calculate the quick ratlo for each year. (Do not round Intermediate calculetlons and c. Calculate the cash ratlo for each year. (Do not round Intermediate calculetions and d. Calculate the NWC to total assets ratio for each year. (Do not round Intermediete and round your answers to 2 decimel places, e.g., 32.16.) round your enswers to 2 declmal places, e.g., 32.16.) round your answers to 2 declmel places, e.g., 32.16.) celculetions. Enter your answers as a percent rounded to 2 decimel pleces, e.g. 32.16.) e. Calculate the debt-equlty ratio and equlty multiplier for each year. (Do not round Intermediete calculetlons and round your answers to 2 decimel pleces, e.g., 32.16.) Calculate the total debt ratio and long-term debt ratio for each year. (Do not round Intermediete calculetions and round your answers to 2 decimal places, e.g., 32.16.) f. 2017 2018 a. Current ratio b. Quick ratio c Cash ratio d. NWC ratio e. Debt-equity ratio times times times times times times times times times imes times times times imes Equity multiplier f. Total debt ratio Long-term debt ratio