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Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Based on the balance sheets given for Just Dew It: a.
Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. 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 and 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.) \begin{tabular}{|l|r|l|r||l||} \hline & \multicolumn{2}{|c|}{2020} & \multicolumn{2}{|c|}{2021} \\ \hline a. Current ratio & 1.64 & times & 1.75 & times \\ \hline b. Quick ratio & 0.55 & times & 0.86 & times \\ \hline c. Cash ratio & 0.16 & times & 0.17 & times \\ \hline d. NWC ratio & 0.11 & % & 0.13 & % \\ \hline e. Debt-equity ratio & 0.42 & times & 0.33 & times \\ \hline e. Equity multiplier & & times & & times \\ \hline f. Total debt ratio & & times & & times \\ \hline f. Long-term debt ratio & & times & & times \\ \hline \end{tabular}
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