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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 2021
Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Assets 2020 Current assets Cash $14,588 $17,631 Accounts receivable Inventory 35,258 65,567 71,505 41,019 Notes payable Total $ 115,413 $130,155 Total Long-term debt Owners' equity 2020 2021 $55,653 $ 63,073 21,895 25,324 $ 77,548 $88,397 $58,000 $62,000 Common stock and paid-in surplus $ 60,000 $60,000 Retained earnings Net plant and equipment $477,413 $498,421 Total Total assets 592,826 $628,576 Total liabilities and owners' equity 397,278 418,179 $ 457,278 $478,179 $ 592,826 628,576 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
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