Just Dew It Corporation reports the following balance sheet information for 2008 and 2009 JUST DEW IT CORPORATION 2008 and 2009 Balance Sheets Assets Liabilities and Owners' Equity 2008 2009 2008 2009 Current assets Current liabilities Accounts payable 61,250 49,250 $123,000 $ 110,500 64,900 $74,500 48,500 s 10,350 Cash Accounts receivable Inventory Total S 10,150 27,100 62,900 27,250 Notes payable 63,500 Total $ 100,150 101,100 Long-term debt Owners' equity $ 59,400 Common stock and paid-in surplus Retained earnings Fixed assets Net plant and equipment Total assets 80,000 80,000 192,700 $ 251,750 272,700 $ 434,150 $448,100 171,750 $ 334,000 S347,000 Total $434,150 448,100Total liabilities and owners' equity Requirement 1 Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the year 2008