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Just Dew It Corporation reports the following balance sheet Information for 2020 and 2021 Assets Current assets Cach Accounts receivable Inventory Total Total assets 2020
Just Dew It Corporation reports the following balance sheet Information for 2020 and 2021 Assets Current assets Cach Accounts receivable Inventory Total Total assets 2020 Net plant and equipment $ 237750 $ 384,240 $ $ 300,000 480,000 $11250 $19,440 11,850 16,080 39,150 60,240 $ 62,250 $95,760 B. Current ratio b. Quick ratio a. Cizsh ratio 2ND 8. Debt-aquity ratio e Equity multiplier f. Tal debt ratio 1. Long-term dect ratio JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities 2020 7.54 times times Limes - 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, eg, 3216.) Limes times Accounts payable Notes payable b. Calculate the quick ratio for each year. (Do not round Intermediate culations 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, eg-3216) Limas Total 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, eg, 3216.) 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.) Total Total liabilities and owners' equity Long-term debt Owners' equity Common stock and paid-in surplus $48,000 $49,000 Retained earnings 169,500 327,600 2021 2020 times times times 2 times timos umos times 2021 $30,600 $49,200 24,900 31,200 $55,500 $80,400 $ 27,000 $24,000 $ $217,500 375,600 $ENA $ 300,000 480,000
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