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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. 2018 Assets 2017 Current assets Cash $ 11,000 Accounts receivable 27,000
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. 2018 Assets 2017 Current assets Cash $ 11,000 Accounts receivable 27,000 Inventory 75,000 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 14.250 Accounts payable $ 54,000 36,750 Notes payable 14,800 96,250 $ $ 63,750 20,500 Total $ 113,000 $147,250 Total $ 68,800 $ 84,250 Long-term debt $ 50,000 $ 40,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 55.000 226,200 $ 55,000 320,750 Net plant and equipment $ 287,000 $352,750 Total $ 281,200 $375,750 Total assets $400,000 $500,000 Total liabilities and owners equity $400,000 $500,000 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. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 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.) 2017 2018 times times times times times times a. 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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