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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 $ 6,600 $ 12,750 Accounts payable $ 50,000 $ 68,750
Accounts receivable 12,200 14,250 Notes payable 19,000 35,500
Inventory 78,200 95,250
Total $ 97,000 $ 122,250 Total $ 69,000 $ 104,250
Long-term debt $ 48,000 $ 45,000
Owners equity
Common stock and paid-in surplus $ 50,000 $ 50,000
Retained earnings 233,000 300,750
Net plant and equipment $ 303,000 $ 377,750 Total $ 283,000 $ 350,750
Total assets $ 400,000 $ 500,000 Total liabilities and owners equity $ 400,000 $ 500,000
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.)
2017 2018
a. Current Ratio times times
b Quick ratio times times
c Cash Ratio times times
d NWC ratio % %
e Debt-equity ratio times times
Equity multiplier times times
f Total debt ratio times times
long term debt ratio times times

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