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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 Assets 2020

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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 Assets 2020 2021 Liabilities and Owners' Equity 2020 2021 Current assets Current liabilities Cash $ 4,000 $11,280 Accounts payable $ 39,040 $ 48,720 Accounts receivable 14,880 20,400 Notes payable 12,960 17,280 Inventory 61,920 90,480 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 239,200 $ 357,840 Total 220,000 378,000 Total assets Total liabilities and owners' equity $ 320,000 480,000 320,000 480,000 Based on the balance sheets given for Just Dew it: 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 calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 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.) 2020 times a. Current ratio b. Quick ratio times 2021 times times times % c. Cash ratio times d. NWC ratio % times times times e. Debt-equity ratio e. Equity multiplier f. Total debt ratio f. Long-term debt ratio times times times times times

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