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Just Dew It Corporation reports the following balance sheet information for 2011 and 2012. JUST DEW IT CORPORATION 2011 and 2012 Balance Sheets Assets Liabilities

Just Dew It Corporation reports the following balance sheet information for 2011 and 2012.

JUST DEW IT CORPORATION 2011 and 2012 Balance Sheets
Assets Liabilities and Owners Equity
2011 2012 2011 2012
Current assets Current liabilities
Cash $ 10,200 $ 13,200 Accounts payable $ 46,000 $ 62,160
Accounts receivable 30,200 38,640 Notes payable 27,800 33,120
Inventory 74,600 87,120
Total $ 115,000 $ 138,960 Total $ 73,800 $ 95,280
Long-term debt $ 40,000 $ 36,000
Owners equity
Common stock and paid-in surplus $ 60,000 $ 60,000
Retained earnings 226,200 288,720
Net plant and equipment $ 285,000 $ 341,040 Total $ 286,200 $ 348,720
Total assets $ 400,000 $ 480,000 Total liabilities and owners equity $ 400,000 $ 480,000

Based on the balance sheets given for Just Dew It:

a.

Calculate the current ratio for each year. (Round your answers to 2 decimal places. (e.g., 32.16))

2011 2012
Current ratio times times

b.

Calculate the quick ratio for each year. (Round your answers to 2 decimal places. (e.g., 32.16))

2011 2012
Quick ratio times times

c.

Calculate the cash ratio for each year. (Round your answers to 2 decimal places. (e.g., 32.16))

2011 2012
Cash ratio times times

d.

Calculate the NWC to total assets ratio for each year. (Round your answers to 2 decimal places. (e.g., 32.16))

2011 2012
NWC ratio % %

e.

Calculate the debtequity ratio and equity multiplier for each year. (Round your answers to 2 decimal places. (e.g., 32.16))

2011 2012
Debt-equity ratio times times
Equity multiplier

f.

Calculate the total debt ratio and long-term debt ratio for each year. (Round your answers to 2 decimal places. (e.g., 32.16))

2011 2012
Total debt ratio times times
Long-term debt ratio times times

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