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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 Current assets Current liabilities $ 10,200 $ 10.800 Cash Accounts payable Accounts receivable 28,900 28,150 Notes payable 45,500 Inventory 63,800 64,400 Total $ 73,000 $ 64,250 49,750 $ 118,500 $ 114.000 $ 102,9005 103.350 $ 59,500 $ 63,600 Total $ 89,000 $ 89,000 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity 174,900 180,750 Fixed assets Net plant and equipment Total assets $ 339,000 $ 344,000 $ 263,900 $ 269,750 $ 441,900 $ 447.350 $441,900 $447.350 Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the year 2017. a. Current ratio b. Quick ratio C. Cash ratio d. NWC to total assets ratio e. Debt-equity ratio and equity multiplier f. Total debt ratio and long-term debt ratio Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the year 2018. a. Current ratio b. Quick ratio C. Cash ratio d. NWC to total assets ratio e. Debt-equity ratio and equity multiplier f. Total debt ratio and long-term debt ratio
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