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Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. 2020 2020 2021 Assets Current assets Cash Accounts receivable Inventory JUST
Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. 2020 2020 2021 Assets Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities $ 11,280 Accounts payable 20,400 Notes payable 90,480 $ 4,000 14,880 61,920 $ 39,040 $ 48,720 12,960 17,280 Total $ 80,800 $ 122,160 Total $ 52,000 $ 66,000 Long-term debt $ 48,000 $ 36,000 Owners' equity Common stock and paid-in surplus $ 60,000 $ 60,000 Retained earnings 160,000 318,000 Net plant and equipment $ $ 357,840 239,200 Total $ $ 220,000 378,000 Total assets $ $ 320,000 480,000 Total liabilities and owners' equity $ $ 320,000 480,000 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.) times times times times e. Debt-equity ratio e. Equity multiplier f. Total debt ratio f. Long-term debt ratio times times times times
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