Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 12,750 Accounts payable $ 50,000 14,250 Notes payable 19,000 95,250 Current assets Cash Accounts receivable Inventory $ 6,600 12,200 78,200 $ 68,750 * 35,500 Total $ 97,000 $ 122,250 Total $ 69,000 $ 104,250 $ 48,000 $ 45,000 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings $ 50,000 233,000 $ 50,000 300,750 Net plant and equipment $303,000 $ 377,750 Total $283,000 $ 350,750 Total assets $400,000 $500,000 Total liabilities and owners' equity $400,000 $500,000 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. 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.) 2017 2018 a. Current ratio times b. Quick ratio times times times times times % times times Cash ratio d. NWC ratio e. Debt-equity ratio Equity multiplier f. Total debt ratio Long-term debt ratio % times times times times times times