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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 Liabilities
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. |
JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets | |||||
Assets | Liabilities and Owners' Equity | ||||
2017 | 2018 | 2017 | 2018 | ||
Current assets | Current liabilities | ||||
Cash | $ 10,750 | $ 10,900 | Accounts payable | $ 71,250 | $ 60,500 |
Accounts receivable | 27,050 | 27,000 | Notes payable | 48,500 | 50,000 |
Inventory | 62,500 | 63,800 | Total | $ 119,750 | $ 110,500 |
Total | $ 100,300 | $ 101,700 | Long-term debt | $ 59,000 | $ 64,300 |
Owners' equity | |||||
Common stock and paid-in surplus | $ 81,000 | $ 81,000 | |||
Fixed assets | Retained earnings | 170,550 | 190,900 | ||
Net plant and equipment | $ 330,000 | $ 345,000 | Total | $ 251,550 | $ 271,900 |
Total assets | $ 430,300 | $ 446,700 | Total liabilities and owners' equity | $ 430,300 | $ 446,700 |
Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the year 2017. |
a. | Current ratio |
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b. | Quick ratio |
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c. | Cash ratio |
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d. | NWC to total assets ratio |
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e. | Debt-equity ratio and equity multiplier |
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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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