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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 $ 8,850 $ 14,200 Accounts payable $ 37,500 $ 46,600
Accounts receivable 15,750 23,000 Notes payable 11,850 19,400
Inventory 34,650 52,200
Total $ 59,250 $ 89,400 Total $ 49,350 $ 66,000
Long-term debt $ 27,000 $ 24,000
Owners equity
Common stock and paid-in surplus $ 45,000 $ 45,000
Retained earnings 178,650 265,000
Net plant and equipment $ 240,750 $ 310,600 Total $ 223,650 $ 310,000
Total assets $ 300,000 $ 400,000 Total liabilities and owners equity $ 300,000 $ 400,000
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.)

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