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Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021.

JUST DEW IT CORPORATION
2020 and 2021 Balance Sheets
Assets 2020 2021 Liabilities and Owners Equity 2020 2021
Current assets Current liabilities
Cash $ 6,560 $ 8,600 Accounts payable $ 51,840 $ 53,000
Accounts receivable 16,160 22,600 Notes payable 21,600 23,600
Inventory 61,280 74,600
Total $ 84,000 $ 105,800 Total $ 73,440 $ 76,600
Long-term debt $ 32,000 $ 30,000
Owners equity
Common stock and paid-in surplus $ 40,000 $ 40,000
Retained earnings 174,560 253,400
Net plant and equipment $ 236,000 $ 294,200 Total $ 214,560 $ 293,400
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:

a.

Calculate the current ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

b. Calculate the quick ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
c. Calculate the cash ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
d. Calculate the NWC to total assets ratio for each year. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
e. Calculate the debt-equity ratio and equity multiplier for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
f. Calculate the total debt ratio and long-term debt ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

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