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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
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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 and Owners Equity | |||||||||||||||
| 2014 | 2015 | 2014 | 2015 | |||||||||||||
| Current assets | Current liabilities | |||||||||||||||
| Cash | $ | 7,800 | $ | 12,250 | Accounts payable | $ | 46,400 | $ | 52,750 | |||||||
| Accounts receivable | 15,800 | 31,000 | Notes payable | 20,600 | 26,500 | |||||||||||
| Inventory | 53,400 | 64,250 | ||||||||||||||
| Total | $ | 77,000 | $ | 107,500 | Total | $ | 67,000 | $ | 79,250 | |||||||
| Long-term debt | $ | 46,000 | $ | 40,000 | ||||||||||||
| Owners equity | ||||||||||||||||
| Common stock and paid-in surplus | $ | 50,000 | $ | 50,000 | ||||||||||||
| Retained earnings | 237,000 | 330,750 | ||||||||||||||
| Net plant and equipment | $ | 323,000 | $ | 392,500 | Total | $ | 287,000 | $ | 380,750 | |||||||
| Total assets | $ | 400,000 | $ | 500,000 | Total liabilities and owners equity | $ | 400,000 | $ | 500,000 | |||||||
| A: Calculate the current ratio for each year B: Calculate the quick ratio for each year C: Calculate the Cash Ratio for each yer D: Calculate the NWC to total asset ratio for each year E:Calculate the debt-equity ratio for each year F:Calculate the Equity multiplier for each yer G: Calculate the total debt ratio for each yer H: Calculate the Long term debt ratio for each year
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