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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. Assets 2017 Current assets Cash Accounts receivable Inventory JUST DEW IT

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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. Assets 2017 Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 14,600 Accounts payable $ 40,000 19,200 Notes payable 14,240 51,000 $ 13,280 7.520 42,400 2018 $ 41,800 21,600 Total $ 63,200 $ 84,800 $ 63,400 $ 24,000 Total $ 54,240 Long-term debt $ 32,000 Owners' equity Common stock and paid in $ 40,000 surplus Retained earnings 193,760 $ 40,000 272,600 Net plant and equipment $256,800 $ 315,200 Total $ 233,760 $312,600 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: 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. 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.) 2017 2018 times times times times times times a. Current ratio b. Quick ratio Cash ratio d. NWC ratio Debt-equity ratio Equity multiplier Total debt ratio Long-term debt ratio times times times times times times times times

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