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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. Based on the balance sheets given for Just Dew It: a.

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

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.)
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.)

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

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