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

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Just Dew It Corporation reports the following balance sheet information for 2014 and 2015 Assets 2014 JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 14,250 Accounts payable $ 54,000 36,750 Notes payable 14,800 96,250 2015 Current assets Cash Accounts receivable Inventory $ 11,000 27,000 75,000 $63.750 20,500 Total $ 113,000 $147,250 Total $ 68,800 $ 84,250 $ 50.000 $ 40,000 Long-term debt Owners' equity Common stock and paid in surplus Retained earings $ 55.000 226 200 $ 55,000 320 750 Net plant and equipment $ 352.750 Total $281.200 $375 750 $287.000 $400.000 Total assets S500.000 Total liabilities and owners' equity $400,000 $500,000 Based on the balance sheets given for Just Dow 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 ZVO 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.) 2014 2015 Quick ratio times 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 2015 Cash ratio times times 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 Debt-equity ratio Equity multiplier times times 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 Total debt ratio Long-term debt ratio times times times timos

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