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Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets Current assets Cash Accounts receivable Inventory Total Net plant
Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets Current assets Cash Accounts receivable Inventory Total Net plant and equipment $ 225,750 Total assets JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 2020 $9,800 $4,350 11,550 14,200 58,350 75,800 $74,250 $99,800 $ 300,200 $ $ 300,000 400,000 Based on the balance sheets given for Just Dew It: Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Total 2021 $ 48,000 $49,800 10,350 18,600 Total liabilities and owners' equity 2020 Long-term debt Owners' equity Common stock and paid-in surplus $45,000 $ 45,000 Retained earnings 154,650 252,600 $58,350 $68,400 $ 42,000 $ 34,000 $ 199,650 $ 297,600 $ $ 300,000 400,000 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 calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) e. f. 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.)
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