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Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2014

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Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current liabilities $ 9,000 $ 11,250 Accounts payable $ 70,000 $ 73,250 17,000 24.750 Notes payable 23,800 31,000 77,000 93.750 $103,000 $ 129,750 Total $ 93,800 $104,250 Long-term debt $ 42,000 $ 40,000 Owners' equity Common stock and paid-in surplus $ 50,000 $ 50,000 Retained earnings 214,200 305,750 $297,000 $370,250 Total $264,200 $355,750 $400,000 $500,000 Total liabilities and owners' equity $400,000 $500,000 Total Net plant and equipment Total assets Based on the balance sheets given for Just Dew It: a. Calculate the current ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 2015 times Current ratio times b. Calculate the quick ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32. 16.) 2014 times 2015 times Quick ratio C. - Calculate the cash ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 times 2015 times Cash ratio d. Calculate the NWC to total assets ratio for each year. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 2014 2015 NWC ratio Calculate the debt-equity ratio and equity multiplier for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 2015 times times Debt-equity ratio Equity multiplier Calculate the total debt ratio and long-term debt ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 2015 times times Total debt ratio Long-term debt ratio times times 2026 LOW ULUR. Arights reserved

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