Just Dew It Corporation reports the following balance sheet information for 2001 and 2002. Use this information to work Problems 13 through 17. 2001 2002 Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment JUST DEW IT CORPORATION Balance Sheets as of December 31, 2001 and 2002 2001 2002 Liabilities and Owners' Equity Current liabilities $ 9,201 $ 9,682 Accounts payable 28,426 29,481 Notes payable 54,318 63,682 Total $ 91,945 $102,845 Long-term debt Owners' equity S296,418 $327,154 Common stock and paid-in surplus Retained earings Total $388,363 $429,999 Total liabilities and owners' equity $ 71,802 36,108 $107,910 $ 50,000 $ 56,382 50,116 $106,498 S 35,000 $ 75,000 155,453 $230,543 $388,363 $ 75,000 213,501 $288,501 $429,999 Total assets 13. Preparing Standardized Financial Statements Prepare the 2001 and 2002 common-size balance sheets for Just Dew It. 17. Calculating Financial Ratios 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 e. Debt-equity ratio and equity multiplier f. Total debt ratio and long-term debt ratio