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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 $ 6,600 $ 12,750 Accounts payable $ 50,000 $ 68,750
Accounts receivable 12,200 14,250 Notes payable 19,000 35,500
Inventory 78,200 95,250
Total $ 97,000 $ 122,250 Total $ 69,000 $ 104,250
Long-term debt $ 48,000 $ 45,000
Owners equity
Common stock and paid-in surplus $ 50,000 $ 50,000
Retained earnings 233,000 300,750
Net plant and equipment $ 303,000 $ 377,750 Total $ 283,000 $ 350,750
Total assets $ 400,000 $ 500,000 Total liabilities and owners equity $ 400,000 $ 500,000
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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