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Just Dew It Corporation reports the following balance sheet information for 2014 and 2015 Assets 2014 2015 Current assets Cash Accounts receivable Inventory JUST DEW
Just Dew It Corporation reports the following balance sheet information for 2014 and 2015 Assets 2014 2015 Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 14,600 Accounts payable $ 40.000 19,200 Notes payable 14 240 51,000 $ 13.280 7,520 42.400 $ 41,800 21,600 Total $ 63.200 $ 84 800 Total $ 54,240 $ 63,400 $ 32.000 $ 24,000 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings $ 40,000 193.760 $ 40,000 272,600 Net plant and equipment $256,800 $315,200 Total $233,760 $312,600 Total assets $320,000 $400.000 Total liabilities and owners' equity $320.000 $400,000 Based on the balance sheets given for Just Dew it e. Calculate the debt-equity ratio and equity multiplier for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 2015 Debt-equity ratio times times Equity multiplier f. Calculate the total debt ratio and long-term debt ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g.. 32.16.) 2014 2015 times times times times Total debt ratio Long-term debt ratio
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