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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 2017

Just Dew It Corporation reports the following balance sheet information for 2017 and 2018.

JUST DEW IT CORPORATION
2017 and 2018 Balance Sheets
Assets 2017 2018 Liabilities and Owners' Equity 2017 2018
Current assets Current liabilities
Cash $ 10,450 $ 10,000 Accounts payable $ 70,750 $ 63,000
Accounts receivable 27,800 28,750 Notes payable 49,500 48,000
Inventory 63,200 63,100 Total

$ 120,250

$ 111,000

Total

$ 101,450

$ 101,850

Long-term debt $ 64,900 $ 62,700
Owners' equity
Common stock and paid-in surplus $ 90,000 $ 90,000
Fixed assets Retained earnings

144,300

182,150

Net plant and equipment $ 318,000 $ 344,000 Total $ 234,300 $ 272,150
Total assets

$ 419,450

$ 445,850

Total liabilities and owners' equity

$ 419,450

$ 445,850

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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