JUST DEW TURPORATION 2020 and 2021 Balance Sheets Liabilities and Owners' Equity Assets 2020 2021 2020 2021 Current assets Cash $14,588 $17,631 $55,653 $63.073 Current liabilities Accounts payable Notes payable Total Accounts receivable 35,258 21,895 25.324 Inventory 65,567 41,019 71,505 $130,15 $77,548 $88,397 Total $115,413 $58,000 $62,000 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total $60,000 $60,000 397,278 418,179 Net plant and equipment $477,413 $498,421 $457,278 $478,179 Total assets $592,826 $628,576 Total liabilities and owners' equity $592,826 $628,576 ou up and make sense Explain your answer lor total assets as compared to your answer for total liabilities and owners' equity. 17. Calculating Financial Ratios |L02] Based on the balance sheets given for Just Dew It, calculate the following financial ratios Page 192 for each year a. Current ratio b. Quick ratio. e. Cash ratio. d. NWC to total assets ratio. e. Debt-equity ratio and equity multiplier. f. Total debt ratio and long-term debt ratio