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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities

Just Dew It Corporation reports the following balance sheet information for 2017 and 2018.

JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets
Assets Liabilities and Owners Equity
2017 2018 2017 2018
Current assets Current liabilities
Cash $ 12,157 $ 14,105 Accounts payable $ 46,382 $ 49,276
Accounts receivable 29,382 32,815 Notes payable 18,246 19,784
Inventory 54,632 57,204
Total $ 96,171 $ 104,124 Total $ 64,628 $ 69,060
Long-term debt $ 49,000 $ 45,000
Owners equity
Common stock and paid-in surplus $ 50,000 $ 50,000
Retained earnings 299,784 315,894
Net plant and equipment $ 367,241 $ 375,830 Total $ 349,784 $ 365,894
Total assets $ 463,412 $ 479,954 Total liabilities and owners equity $ 463,412 $ 479,954

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 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 intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

image text in transcribed

2017 1.49 times 0.64 times 0.19 times % 2018 1.51 times 0.68 times 0.20 times C. % Current ratio Quick ratio Cash ratio NWC ratio Debt-equity ratio Equity multiplier Total debt ratio Long-term debt ratio times times times times times times times times

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