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Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021.

JUST DEW IT CORPORATION
2020 and 2021 Balance Sheets
Assets 2020 2021 Liabilities and Owners Equity 2020 2021
Current assets Current liabilities
Cash $ 11,250 $ 19,440 Accounts payable $ 30,600 $ 49,200
Accounts receivable 11,850 16,080 Notes payable 24,900 31,200
Inventory 39,150 60,240
Total $ 62,250 $ 95,760 Total $ 55,500 $ 80,400
Long-term debt $ 27,000 $ 24,000
Owners equity
Common stock and paid-in surplus $ 48,000 $ 48,000
Retained earnings 169,500 327,600
Net plant and equipment $ 237,750 $ 384,240 Total $ 217,500 $ 375,600
Total assets $ 300,000 $ 480,000 Total liabilities and owners equity $ 300,000 $ 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 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.)

2020 2021
a. Current ratio times times
b. Quick ratio times times
c. Cash ratio times times
d. NWC ratio % %
e. Debt-equity ratio times times
e. Equity multiplier times times
f. Total debt ratio times times
f. Long-term debt ratio times times

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