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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 $ 7,400 $ 15,120 Accounts payable $ 61,600 $ 62,160
Accounts receivable 23,400 25,200 Notes payable 14,400 18,240
Inventory 76,200 89,040
Total $ 107,000 $ 129,360 Total $ 76,000 $ 80,400
Long-term debt $ 48,000 $ 36,000
Owners equity
Common stock and paid-in surplus $ 60,000 $ 60,000
Retained earnings 216,000 303,600
Net plant and equipment $ 293,000 $ 350,640 Total $ 276,000 $ 363,600
Total assets $ 400,000 $ 480,000 Total liabilities and owners equity $ 400,000 $ 480,000

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.

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