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Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Just Dew It Corporation reports the following balance sheet information for
Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Q1: For each account (item) in the asset part and liability part on this company's balance sheet, please classify each the change in the account during 2021 as a source or use of cash. Q2: Prepare the 2021 common-base year (base year is 2020) balance sheet for Just Dew It. Please sort your anwers as the table below. Q3: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. c. Calculate the cash ratio for each year. d. Calculate the debt-equity ratio and equity multiplier for each year. e Calculate the total debt ratio and long-term debt ratio for each year. Table for Q2 \begin{tabular}{|c|l|l|l|} \hline & 2020 & 2021 & common \\ \hline Asset & & & \\ \hline Current Asset & & & \\ \hline Cash & & & \\ \hline Account & & & \\ receivables & & & \\ \hline Inverntory & & & \\ \hline Total & & & \\ \hline Fixed Assets & & & \\ \hline Net plant & & & \\ and equipment & & & \\ \hline Total Assets & & & \\ \hline Liabilities & & & \\ \hline Currentliabilities & & & \\ \hline Accountssurplus & & & \\ \hline payable & & & \\ \hline Notes & & & \\ \hline Lonable \end{tabular} \begin{tabular}{|c|l|l|l|} \hline Liabilities & & & \\ \hline Currentliabilities & & & \\ \hline Accounts & & & \\ \hline payable & & & \\ \hline Notes & & & \\ \hline TotalCurrentliabilities & & & \\ \hline Long-term debt & & & \\ \hline Equity & & & \\ \hline Commonstockandpaid-insurplus & & & \\ \hline Accumulatedretainedearnings & & & \\ \hline Total & & & \\ \hline Totalliabilitiesandownersequity & & & \\ \hline \end{tabular}
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