Just Dew It Corporation reports the following balance sheet information for 2014 and 2015 JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities $ 43,500 Cash Accounts receivable Inventory $ 8,250 34,500 58,500 $ 12,240 40,560 86,160 Accounts payable Notes payable S 48,240 32,160 29,625 $101,250 $ 73,125 $ 45,000 Common stock and paid-in surplus 60,000 S 80,400 $ 36,000 $ 60,000 Total $138,960 Total Long-term debt Owners' equity Retained earnings Total Total liabilities and owners' equity 196,875 $256,875 $375,000 303,600 $363,600 $480,000 Net plant and equipment $273,750 $341,040 Total assets $375,000 $480,000 Based on the balance sheets given for Just Dew It: a. Calculate the current ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 2015 Current ratio times times b. Calculate the quick ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places e.g, 32.16