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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities

Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 10,200 $ 10,100 Accounts payable $ 73,500 $ 63,000 Accounts receivable 27,750 28,150 Notes payable 47,500 49,250 Inventory 63,000 63,700 Total $ 121,000 $ 112,250 Total $ 100,950 $ 101,950 Long-term debt $ 55,800 $ 63,900 Owners' equity Common stock and paid-in surplus $ 85,000 $ 85,000 Fixed assets Retained earnings 170,150 183,800 Net plant and equipment $ 331,000 $ 343,000 Total $ 255,150 $ 268,800 Total assets $ 431,950 $ 444,950 Total liabilities and owners' equity $ 431,950 $ 444,950 Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the year 2017. a. Current ratio b. Quick ratio c. Cash ratio d. NWC to total assets ratio e. Debt-equity ratio and equity multiplier f. Total debt ratio and long-term debt ratio Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the year 2018. a. Current ratio b. Quick ratio c. Cash ratio d. NWC to total assets ratio e. Debt-equity ratio and equity multiplier f. Total debt ratio and long-term debt ratio

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