Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. Assets Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets 2017 2018 Liabilities and Owners' Equity 2017 2018 Current liabilities $ 10,050 $ 10,500 Accounts payable $ 74,250 $ 58,750 28,900 27,800 Notes payable 47,500 45,250 $ 64,800 63,600 Total $ 121,750 104,000 $ 103,750 $ 101,900 Long-term debt $ 55,300 $ 64,000 Owners' equity Common stock and paid-in surplus $ 90,000 $ 90,000 Retained earnings 160,700 187,900 $ $ $ $ Total 324,000 344,000 250,700 277,900 $ $ $ $ Total liabilities and owners' equity 427,750 445,900 427,750 445,900 Total Fixed assets Net plant and equipment Total assets Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the year 2017. a. Current ratio Current ratio 2020 % 2021 % Assets Current assets Cash $ 8,850 $ 14,200 % % % Accounts receivable 15,750 23,000 % % % 34,650 59,250 52,200 89,400 $ % $ % $ $ % 240,750 300,000 % % 310,600 400,000 $ $ % $ 37,500 % $ 46,600 % Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity 11,850 % 19,400 66,000 % % $ 49,350 % $ Ales $ 27,000 % $ 24,000 % $ % $ % % % 45,000 178,650 223,650 300,000 45,000 265,000 310,000 400,000 $ % $ % % $ % $