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Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities

Just Dew It Corporation reports the following balance sheet information for 2014 and 2015.

JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets
Assets Liabilities and Owners Equity
2014 2015 2014 2015
Current assets Current liabilities
Cash $ 10,200 $ 13,200 Accounts payable $ 46,000 $ 62,160
Accounts receivable 30,200 38,640 Notes payable 27,800 33,120
Inventory 74,600 87,120
Total $ 115,000 $ 138,960 Total $ 73,800 $ 95,280
Long-term debt $ 40,000 $ 36,000
Owners equity
Common stock and paid-in surplus $ 60,000 $ 60,000
Retained earnings 226,200 288,720
Net plant and equipment $ 285,000 $ 341,040 Total $ 286,200 $ 348,720
Total assets $ 400,000 $ 480,000 Total liabilities and owners equity $ 400,000 $ 480,000
Based on the balance sheets given for Just Dew It:

a.

Calculate the current ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

2014 2015
Current ratio times times

b.

Calculate the quick ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

2014 2015
Quick ratio times times

c.

Calculate the cash ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

2014 2015
Cash ratio times times

d.

Calculate the NWC to total assets ratio for each year. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

2014 2015
NWC ratio % %

e.

Calculate the debtequity ratio and equity multiplier for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

2014 2015
Debt-equity ratio times times
Equity multiplier

f.

Calculate the total debt ratio and long-term debt ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

2014 2015
Total debt ratio times times
Long-term debt ratio times times

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