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Just Dew It Corporation 2018 and 2019 Balance Sheets Assets Liabilities and Owner's Equity 2018 2019 2018 2019 Current Assets Current Liabilities Cash $11,135 $13,407
Just Dew It Corporation 2018 and 2019 Balance Sheets Assets Liabilities and Owner's Equity 2018 2019 2018 2019 Current Assets Current Liabilities Cash $11,135 $13,407 Accounts payable $45,166 $48,185 Accounts Receivable 28,419 30,915 Notes payable 17,773 18,257 Inventory 51,163 56,295 Total $62,939 $66.442 Total $90,717 $100,617 Long term debt $44,000 $39,000 Net plant and equipment Owners' equity $326,456 $357,560 Common stock and $50,000 $50,000 paid-in surplus Retained earnings 260,234 302,735 Total $310,234 $352,735 Total assets $417,173 $458,177 Total liabilities and $417,173 $458,177 owners' equity 13. Based on the balance sheets given for Just Dew It, calculate the following financial ratios for each year: a. Current ratio. b. Quick ratio. c. Cash ratio. d. NWC to total assets ratio. e. Debt-equity ratio and equity multiplier. f. Total debt ratio and long-term debt ratio
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