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Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 11,970 Accounts payable $ 43,750 26,670 Notes payable 24,325 51,450 $ Current assets Cash Accounts receivable Inventory $ 11,025 22,225 44,625 $ 47,250 24,780 Total $ 77,875 $ 90,090 Total $ 68,075 $ 72,030 Long-term debt $ 35,000 $ 21,000 Owners' equity Common stock and paid-in $42.000 surplus Retained earnings 204,925 $ 42,000 284,970 Net plant and equipment $ 272,125 $329,910 Total $246,925 $326,970 Total assets $350,000 $420,000 Total liabilities and owners' equity $350,000 $420,000 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 % Current ratio 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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