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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 2021

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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 2021 Assets 2020 Current assets Cash $11,025 $11,970 Accounts receivable Inventory Total 22,225 26,670 44,625 51,450 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 2020 2021 $43,750 $ 47,250 24,325 24,780 $68,075 $72,030 $77,875 $90,090 Total Long-term debt Owners' equity $35,000 $21,000 Common stock and paid-in surplus $ 42,000 $ 42,000 Retained earnings Net plant and equipment $272,125 $329,910 Total 204,925 284,970 $ 246,925 326,970 Total assets Total liabilities and owners' equity 350,000 420,000 350,000 420,000 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 b. Quick ratio c. Cash ratio times times times times 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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