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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 $ 14,200 $ 18,260 Accounts payable $ 58,400 $ 61,820
Accounts receivable 19,000 23,100 Notes payable 23,400 25,080
Inventory 51,800 54,780
Total $ 85,000 $ 96,140 Total $ 81,800 $ 86,900
Long-term debt $ 32,000 $ 22,000
Owners equity
Common stock and paid-in surplus $ 44,000 $ 44,000
Retained earnings 242,200 287,100
Net plant and equipment $ 315,000 $ 343,860 Total $ 286,200 $ 331,100
Total assets $ 400,000 $ 440,000 Total liabilities and owners equity $ 400,000 $ 440,000

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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