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JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Current assets Liabilities and Owners' Equity Current liabilities 2020 2021 Cash $14,588
JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Current assets Liabilities and Owners' Equity Current liabilities 2020 2021 Cash $14,588 Accounts receivable Inventory 65,567 $17,631 35,258 41,019 71,505 Accounts payable $55,653 $63,073 Notes payable 21,895 25,324 Total $ 115,413 $130,155 Total Long-term debt $77,548 $88,397 $58,000 $62,000 Owners' equity Common stock and paid-in surplus $ 60,000 $60,000 Retained earnings 397,278 418,179 Net plant and equipment $477,413 $498,421 Total $ 457,278 $478,179 Total assets $628,576 Total liabilities and owners' equity 592,826 592,826 628,576 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 and 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
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