Just Dew It Corporation reports the following balance shoot information for 2014 and 2015, Assets 2014 JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 17,775 Accounts payable $ 46,875 16,425 Notes payable 19,125 56,925 2015 Current assets Cash Accounts receivable Inventory $ 12,000 12.750 50,250 $ 55,575 24,750 Total $ 75,000 $ 91,125 Total $ 66,000 $ 80,325 $ 30,000 $ 27,000 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings $ 45,000 234.000 $ 45,000 297,675 Net plant and equipment $358,875 Total $300,000 $375,000 $279,000 $342,675 Total assets $450,000 Total liabilities and owners' equity $375,000 $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 B1 JA 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 debt-equity 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 times times Debt-equity ratio 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 debat mans JA Q 3 . 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 debt-equity ratio and equity multiplier for each yeahs (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) 2014 2015 times times Debt-equity ratio 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 Long-term debt ratio times times times times
