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Just Dew It Corporation reports the following balance sheet information for 2008 and 2009 JUST DEW IT CORPORATION 2008 and 2009 Balance Sheets Assets Liabilities
Just Dew It Corporation reports the following balance sheet information for 2008 and 2009 JUST DEW IT CORPORATION 2008 and 2009 Balance Sheets Assets Liabilities and Owners' Equity 2008 2009 2008 2009 Current assets Current liabilities $ 10,500 $10,450 Accounts payable $ 73,750 $63,750 49,750 Cash Accounts receivable Inventory Total 28,600 Notes payable 50,000 28,250 64,300 63,500 Total 123,750 $ 113,500 $63,600 $ 80,000 $243,700 $431,050 $ 103,050 102,550 Long-term debt Owners' equity 64,600 $80,000 191,450 $271,450 $449,550 Common stock and paid-in surplus Retained earnings Fixed assets Net plant and equipment Total assets 163,700 $328,000 347,000 Total $ 431,050 $449550 Total liabilities and owners' equity Requirement 1: Based on the balance sheets given for Just Dew It, calculate the following financial ratios for the year 2008 (a) Current ratio (Click to select) (b) Quick ratio (Click to select) 4 (c) Cash ratio (Click to select (d) NWC to total assets ratio (Click to select) + (e) Debt-equity ratio and equity multiplier (Click to select) + (f) Total debt ratio and Long-term debt ratio (Click to select) +
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