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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 Assets 2020

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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 Assets 2020 2021 Liabilities and Owners' Equity Current assets Current liabilities Cash $ 11,025 $ 11,970 Accounts payable Accounts receivable 22,225 26,670 Notes payable Inventory 44,625 51,450 Tota $ 77,875 $ 90,090 Total 2020 2021 $ 43,750 $ 47,250 24,325 24,780 $ 68,075 $ 72,030 Long-term debt $ 35,000 $ 21,000 Owners' equity Common stock and paid-in surplus $ 42,000 $ 42,000 Retained earnings 204,925 284,970 Net plant and equipment $ 272,125 $ 329,910 Total $ 246,925 326,970 Total assets 350,008 350,000 420,000 Total liabilities and owners' equity $ $ 350,000 420,000 Based on the balance sheets given for Just Dew It: 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.) a. Current ratio b. Quick ratio c. Cash ratio d. NWC ratio e. Debt-equity ratio e. Equity multiplier f. Total debt ratio f. Long-term debt ratio 2020 times times times % times times times times 2021 times times times % times times times times

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