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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 $ 10,650 $ 10,700 Accounts payable $ 73,500 $ 63,500
Accounts receivable 28,050 27,350 Notes payable 45,250 48,000
Inventory 64,400 65,000 Total

$ 118,750

$ 111,500

Total

$ 103,100

$ 103,050

Long-term debt $ 58,800 $ 62,100
Owners' equity
Common stock and paid-in surplus $ 90,000 $ 90,000
Fixed assets Retained earnings

162,550

184,450

Net plant and equipment $ 327,000 $ 345,000 Total $ 252,550 $ 274,450
Total assets

$ 430,100

$ 448,050

Total liabilities and owners' equity

$ 430,100

$ 448,050

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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