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Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities

Just Dew It Corporation reports the following balance sheet information for 2014 and 2015.

JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets
Assets Liabilities and Owners Equity
2014 2015 2014 2015
Current assets Current liabilities
Cash $ 10,620 $ 13,275 Accounts payable $ 52,560 $ 60,750
Accounts receivable 21,420 29,925 Notes payable 19,260 24,075
Inventory 67,860 82,575
Total $ 99,900 $ 125,775 Total $ 71,820 $ 84,825
Long-term debt $ 36,000 $ 27,000
Owners equity
Common stock and paid-in surplus $ 45,000 $ 45,000
Retained earnings 207,180 293,175
Net plant and equipment $ 260,100 $ 324,225 Total $ 252,180 $ 338,175
Total assets $ 360,000 $ 450,000 Total liabilities and owners equity $ 360,000 $ 450,000

Based on the balance sheets given for Just Dew It:

a.

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

2014 2015
Current ratio times times

b.

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

2014 2015
Quick ratio times times

c.

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

2014 2015
Cash ratio times times

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.)

2014 2015
NWC ratio % %

e.

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

2014 2015
Debt-equity ratio times times
Equity multiplier

f.

Calculate the total debt ratio and long-term debt ratio for each year. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.)

2014 2015
Total debt ratio times times
Long-term debt ratio times times

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