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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 Liabilities
Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Liabilities and Owners' Equity Current liabilities Assets 2020 2021 Current assets Cash Accounts receivable Inventory $ 14,588 35,258 65,567 $ 17,631 Accounts payable 41,019 71,505 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 $628,576 592,826 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 answ
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