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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

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

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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