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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 2017

Just Dew It Corporation reports the following balance sheet information for 2017 and 2018.

JUST DEW IT CORPORATION
2017 and 2018 Balance Sheets
Assets 2017 2018 Liabilities and Owners' Equity 2017 2018
Current assets Current liabilities
Cash $ 10,200 $ 10,100 Accounts payable $ 73,500 $ 63,000
Accounts receivable 27,750 28,150 Notes payable 47,500 49,250
Inventory 63,000 63,700 Total

$ 121,000

$ 112,250

Total

$ 100,950

$ 101,950

Long-term debt $ 55,800 $ 63,900
Owners' equity
Common stock and paid-in surplus $ 85,000 $ 85,000
Fixed assets Retained earnings

170,150

183,800

Net plant and equipment $ 331,000 $ 343,000 Total $ 255,150 $ 268,800
Total assets

$ 431,950

$ 444,950

Total liabilities and owners' equity

$ 431,950

$ 444,950

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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