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Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. Assets 2014 2015 JUST DEW IT CORPORATION 2014 and 2015 Balance

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Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. Assets 2014 2015 JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 11,800 Accounts payable $ 40,500 29,000 Notes payable 14,850 47,000 $ Current assets Cash Accounts receivable Inventory 7.950 23,550 36,750 $ 45,800 20,800 Total $ 68,250 $ 87,800 Total $ 55,350 $ 66,600 $ 30,000 $ 24,000 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings $ 42,000 172,650 $ 42,000 267,400 Net plant and equipment $ 231,750 $312,200 Total $ 214,650 $309,400 Total assets $ 300,000 $ 400,000 Total liabilities and owners' equity $300,000 $400,000 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 times 2015 times Current ratio b. Calculate the quick ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2015 2014 times Quick ratio times c. Calculate the cash ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 times 2015 times Cash ratio d. Calculate the NWC to total assets ratio for each year. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 2014 2015 NWC ratio % 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 times times Debt-equity ratio 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 times 2015 times Total debt ratio Long-term debt ratio times times

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