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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

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
Cash $ 11,000 $ 14,250 Accounts payable $ 54,000 $ 63,750
Accounts receivable 27,000 36,750 Notes payable 14,800 20,500
Inventory 75,000 96,250
Total $ 113,000 $ 147,250 Total $ 68,800 $ 84,250
Long-term debt $ 50,000 $ 40,000
Owners equity
Common stock and paid-in surplus $ 55,000 $ 55,000
Retained earnings 226,200 320,750
Net plant and equipment $ 287,000 $ 352,750 Total $ 281,200 $ 375,750
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:

b.

Calculate the quick ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

2014 2015
Quick ratio times times

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