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Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Asslets Current assets Cash Accounts receivable Inventory Total Net plant and

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Asslets Current assets Cash Accounts receivable Inventory Total Net plant and equipment Total assets 2020 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 $ 6,560 $8,600 16,160 22,600 61,280 74,600 $ 84,000 $105,800 $ 236,000 294,200 $ $ 320,000 400,000 Based on the balance sheets given for Just Dew It: Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Total 2020 2021 $51,840 $ 53,000 21,600 23,600 Long-term debt Owners' equity Common stock and paid-in surplus $40,000 $40,000 Retained earnings 174,560 253,400 Total liabilities and owners' equity $73,440 $76,600 $32,000 $30,000 $ 214,560 293,400 $ 320,000 400,000
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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: 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.)

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