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 Accounts $ 7,950 $11,800 29,000 47,000 $ 68,250 $ 87,800 Accounts payable Notes payable 40,500 45,800 20,800 23,550 14,850 receivable Inventory 36,750 Total Total 55,350 66,600 Long-term debt $30,000 24,000 Owners' equity Common stock and paid-in 42,000 42,0o0 surplus 267,400 214,650 $309,400 Total liabilities and owners $300,000 $400,000 Retained earnings 172,650 Net plant and equipment $ 231,750 312,200 Total Total assets $300,000 400,000 Based on the balance sheets given for Just Dew It: a. Calculate the current ratio for each year. (Do not round intermediate calculations b. Calculate the quick ratio for each year. (Do not round intermediate calculations and c. Calculate the cash ratio for each year. (Do not round intermediate calculations and d. Calculate the NWC to total assets ratio for each year. (Do not round intermediate and round your answers to 2 decimal places, e.g., 32.16.) round your answers to 2 decimal places, e.g., 32.16.) round your answers to 2 decimal places, e.g., 32.16.) calculations. 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.) 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.) f. 2017 2018 a. Current ratio b. Quick ratio imes imes imes imes imes imes c Cash ratio d. NWC ratio e. Debt-equity ratio imes imes imes imes imes imes imes imes Equity multiplier f. Total debt ratio Long-term debt ratio